The board of directors of Thin Film Electronics ASA ("Thinfilm") has resolved to issue 187,500 shares to three employees, in accordance with the Company's 2011 and 2012 Subscription Rights Incentive Plans, respectively. This corresponds to a share capital increase of NOK 20,625 (each share issued having a par value of NOK 0.11). Following this transaction, the Company's share capital will be NOK 52,489,266.50 divided into 477,175,150 ordinary shares each having a par value of NOK 0.11.
The average subscription price per share is NOK 2.01. The total subscription price therefore is NOK 376,875, of which NOK 20,625 is added to the Company's share capital while NOK 356,250 is added to the Company's funds in accordance with the provisions of the Public Limited Companies Act.
For more information, please contact:
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no
14 August 2013
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.