The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 14 August 2014 to grant a total of 380,000 incentive subscription rights ("SRs") to new and existing employees of the company. The grant was made under Thinfilm's 2014 Subscription Rights Incentive Plan as resolved at Thinfilm's Annual General Meeting on 8 May 2014.
The exercise price of the SRs is NOK 4.90 per share. 25 per cent of the SRs vest at each anniversary from the date of the grant. The SRs expire on 8 May 2019.
Following the grant, and the Subscription Rights exercise resolved in the same meeting, there are 24,457,500 SRs outstanding in Thinfilm.
For more information contact:
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no
14 August 2014
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act