The annual general meeting of Thin Film Electronics ASA ("Thinfilm") resolved on 10 May 2012 that Board members may elect to receive all or part of their board remuneration in the form of shares in Thinfilm; that the number of shares shall correspond to a value of 127 per cent of the NOK amount granted as board remuneration; that the board member must pay a subscription price per share equal to the par value of the share, NOK 0.11; and that the shares cannot be sold before the earlier of the date of the Annual General Meeting of Thinfilm in 2013, or 30 June 2013.
Board members Rita Glenne and William R. Salaneck each elected to receive NOK 36,567 in cash and NOK 53,433 in shares. As a result, Thinfilm will issue 39,000 shares to each of these two board members.
Consequently, the total number of new shares to be issued is 78,000 shares. The share capital will increase by a total of NOK 8,580. The shares will be issued when the share capital has been paid in.
11 May 2012
Thin Film Electronics ASA