PARC, a Xerox company, is increasing its shareholding in Thin Film Electronics ASA ("Thinfilm" or "the Company") as part of the extended collaboration between the two companies (reference is made to the prior notice on 5 June 2012 regarding the extended relationship with PARC).
PARC will be issued 765,306 new shares equal to NOK 1,462,500 through a private placement. The subscription price of NOK 1.911 per Thinfilm share equals the average closing share price for the last ten trading days up to and including 6 September 2012.
The Thinfilm Board of Directors has in place an authorization from the general meeting dated 10 May 2012 to issue shares in a number maximized to 11 % of the registered number of shares in the Company at the date of the authorization. The share issue to PARC is within this 11% authorization. Following this transaction, the Company's share capital will be NOK 36,372,863.12 divided into 330,662,392 ordinary shares each having a par value of NOK 0.11.
21 September 2012Thin Film Electronics ASA
For more information contact:
Torgrim Takle, CFO: +47 95 14 07 82 / tt@thinfilm.no
About Thinfilm
Thin Film Electronics ASA (Ticker: THIN.OL) is a leader in the development of printed electronics. The first to commercialize printed rewritable memory, Thinfilm is creating printed system products that will include memory, sensing, display and wireless communication-at a cost-per-functionality unmatched by any other electronic technology. Thinfilm's roadmap of system products integrates technology from a strong and growing ecosystem of partners to enable the Internet of Things by bringing intelligence to disposable goods. Company headquarters are in Oslo, Norway, with product development in Linköping, Sweden, sales offices in San Francisco, USA, and Tokyo, Japan, and manufacturing in Pyongtaek, South Korea. www.thinfilm.no