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The latest update is out from Norbit ASA ( (DE:4NK) ).
NORBIT ASA has announced the completion of its incentive share purchase program for eligible employees, awarding a total of 35,075 shares under the share matching program initiated in 2023. This program allows employees to acquire shares at market value and receive compensation in new shares after 24 months if certain conditions are met. The transaction will not involve the issuance of new shares, as the shares will be delivered from the company’s existing treasury shares. This initiative is expected to enhance employee engagement and align their interests with the company’s growth objectives.
More about Norbit ASA
NORBIT ASA is a global provider of tailored technology solutions aimed at solving challenges and promoting sustainability. The company operates through three business segments: Oceans, Connectivity, and Product Innovation & Realization. The Oceans segment focuses on maritime markets, Connectivity offers wireless solutions for tracking and monitoring, and Product Innovation & Realization provides R&D services and contract manufacturing. NORBIT is headquartered in Trondheim, Norway, with manufacturing facilities in Europe and North America, employing around 600 people.
Average Trading Volume: 174,640
Current Market Cap: NOK12.59B
Find detailed analytics on 4NK stock on TipRanks’ Stock Analysis page.