The annual general meeting of Thin Film Electronics ASA ("Thinfilm") resolved on 8 May 2013 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 120 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 2014, or 30 June 2014.
Board members Rita Glenne, Margareta Josefsson and William R. Salaneck (who stepped down from the board 8 May 2013) each elected to receive NOK 41,900 in cash and NOK 58,100 in shares. As a result, Thinfilm will issue 28,000 shares to each of these three board members.
Consequently, the total number of new shares to be issued is 84,000 shares. The share capital will increase by a total of NOK 9,240. The shares will be issued when the share capital has been paid in.
10 May 2013
Thin Film Electronics ASA