Thin Film Electronics ASA ("Thinfilm") issued two Warrants for every share subscribed for and issued to the subscribers in the private placement completed in October 2010 (total of 23,314,000 shares were issued). The first warrant ("Warrant A") was exercisable in the period 3 to 14 October 2011 at an exercise price per share of NOK 0.90. The second warrant ("Warrant B") was exercisable in the period 1 to 12 October 2012 at an exercise price per share of NOK 1.00; provided, however, that the corresponding Warrants A were exercised in the exercise period 3 to 14 October 2011.
Thinfilm has received notice of exercise of 23,064,000 Warrants B (100% of the exercisable Warrants B), thereby raising approximately NOK 23.1 million in new capital. The payment deadline is 26 October 2012. Following completion of the Warrants B exercise, Thinfilm's share capital will amount to NOK 38,909,903.12 representing 353,726,392 shares at NOK 0.11 par value per share. 12,500,000 Warrants remain outstanding (issued in connection with the private placement resolved by the board 12 March 2012), exercisable in the period 11 to 22 March 2013 at an exercise price per share of NOK 2.20.
15 October 2012
Thin Film Electronics ASA