The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 28 February 2012 to grant a total of 600,000 incentive subscription rights ("SRs") to new employees of the company. The grant was made under Thinfilm's 2011 Subscription Rights Incentive Plan as resolved at Thinfilm's annual general meeting on 10 May 2011.
The exercise price of the SRs is NOK 1.71 per share. 25 per cent of the SRs vest at each anniversary from the date of the grant. The SRs expire on 10 May 2016.
Following the grant, there are 18,139,306 SRs outstanding in Thinfilm.
28 February 2012
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.