Fiber communications company Hexatronic's LTIP 2023 incentive program has ended, and participants will be awarded performance shares, according to a press release.
The company has converted 21 959 Class C shares into common shares. Of these, 16 709 will be transferred to participants free of charge, while 5 250 will be sold to cover social security contributions. Group management says it does not intend to sell its allocated shares at this time.
Hexatronic Group AB is a Sweden-based company engaged in the production of electronic and technical solutions. The Company’s products are divided into three categories, namely Network, which offers solutions for both fiber and copper systems, such as Small Firm-factor Pluggables (SFP), Customer Premises Equipment (CPE), switches, converters, patchcords and pigtails, fanouts, attenuators, jacks and telesplitters, among others; Components, which includes cables, connectors, high power Light Emitting Diodes (LEDs) and relays, among others, and Site Solutions, which includes products, such as distribution boxes, fiber optic terminal boxes, cross-connection cabinets, fiber splice closure flats and soft cable fixing panels, among others. Its subsidiaries include Proximon AB and Tele & Datanat Fiberoptik i Orebro AB, both active in fiber optic technology.
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