Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of certain primary insiders in Thinfilm.
Reference is made to the company's announcement on 17 October 2011 regarding Warrants exercise. Thinfilm has received notice of exercise of 120,000 Warrants A from Thinfilm's chairman of the board, Morten Opstad (and close associates), who is a primary insider in Thinfilm. Similarly, the following number of Warrants have been exercised by other primary insiders and close associates in Thinfilm: William Salaneck (board member) 30,000 Warrants A; Rolf Åberg (board member) 10,000 Warrants A and 10,000 Warrants B; Davor Sutija (CEO) 120,000 Warrants A, Geir Harald Aase (VP IR) 120,000 Warrants A and Torgrim Takle (CFO) 60,000 Warrants A.
Warrants A were exercised at a subscription price of NOK 0.90 per share and Warrants B at a subscription price of NOK 1.00 per share.
Following this transaction, Mr. Opstad and close associates will hold or control 1,282,496 shares, 120,000 Warrants B and 325,000 incentive subscription rights. Similarly numbers for the other primary insiders and close associates are as follows (shares; Warrants B; incentive subscription rights): William Salaneck (119,400; 30,000; 0), Rolf Åberg (208,216; 0; 368,750), Davor Sutija (1,240,000; 120,000; 3,500,000), Geir Harald Aase (245,000; 120,000; 800,000) and Torgrim Takle (60,000; 60,000; 1,500,000)