PARC, a Xerox company, is increasing its shareholding in Thin Film Electronics ASA ("Thinfilm" or "the Company").
PARC will receive 334,702 new shares equal to NOK 1,549,000 through a private placement. The subscription price of NOK 4.628 per Thinfilm share equals the average closing share price for the last ten trading days up to and including 28 August 2014.
The Thinfilm Board of Directors has in place an authorization from the general meeting dated 8 May 2014 to issue shares in a number maximized to 10% of the registered number of shares in the Company at the date of the authorization. The share issue to PARC is within this 10% authorization.
Following the above-mentioned transaction, the Company's share capital will be NOK 52,526,083.72 divided into 477,509,852 ordinary shares each having a par value of NOK 0.11.
Following the private placement PARC owns 4.3 million shares in Thinfilm.
17 September 2014
Thin Film Electronics ASA
ABOUT THIN FILM ELECTRONICS ASA
Thinfilm is a leader in the development of printed electronics. The first to commercialize printed, rewritable memory, the Company is creating printed systems that include memory, logic, sensing, display, and wireless communication, all at a low cost unmatched by any other electronic technology. Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to enable the Internet of Everything by bringing intelligence to disposable goods. Thin Film Electronics ASA ("Thinfilm") is a publicly listed Norwegian company with headquarters in Oslo, Norway, product development and production in Linköping, Sweden, product development, production, and business development in San Jose, California, USA, and a sales office in Tokyo, Japan. In addition, manufacturing is provided through a production partner, InkTec, in Pyongtaek, South Korea.
For more information, visit www.thinfilm.no or follow us on Twitter @ThinfilmMemory.
For more information, please contact:
Thin Film Electronics ASA
John Afzelius-Jenevall
CFO
+47 95 87 96 80
jaj@thinfilm.no
http://www.thinfilm.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.