The board of directors of Thin Film Electronics ASA ("Thinfilm") has resolved to issue 350,000 shares to two employees, in accordance with the Company's 2010 and 2011 Subscription Rights Incentive Plan respectively, corresponding to share capital increase of NOK 38,500 (each share issued having a par value of NOK 0.11). Following this transaction, the Company's share capital will be NOK 52,564,583.72. 300,000 shares were issued at a subscription price per share of NOK 0.80 and 50,000 shares were issued at NOK 1.01. The total subscription price therefore is NOK 290,500, of which NOK 38,500 is added to the Company's share capital while NOK 252,000 is added to the Company's funds in accordance with the provisions of the Public Limited Companies Act.
For more information contact:
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no
6 November 2014
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.