Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of certain primary insiders in Thinfilm.
Following the Annual General Meeting of Thinfilm on 8 May 2014 ("AGM"), the Chairman of the Board Morten Opstad, and the board members Rita Glenne and Preeti Mardia elected to receive the board remuneration in shares. This implies that Morten Opstad will acquire 56,962 shares, Rita Glenne 31,646 shares and Preeti Mardia 31,646 shares. The number of shares correspond to 120% of the board remuneration of NOK 225,000 for the Chairman and NOK 125,000 for the respective board members, as resolved by the 8 May 2014 AGM. The shares will be acquired at a subscription price of NOK 0.11 per share, equal to the par value of the shares.
Following this transaction, Mr Opstad and close associates will hold or control 1,557,078 shares. Similarly, Ms Glenne will hold or control 98,646 shares and Ms Mardia will hold or control 69,996 shares.
8 May 2014
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.