The board of directors of Thin Film Electronics ASA ("Thinfilm") has resolved to issue 5,787,500 shares to in total sixteen employees, who have exercised subscription rights in accordance with the Company's 2010, 2011, 2012 and 2013 Subscription Rights Incentive Plans, respectively.
The issue of the 5,787,500 shares corresponds to a share capital increase of NOK 636,625 (each share issued having a par value of NOK 0.11). Following this transaction, the Company's share capital will be NOK 57,326,208.72. The weighted average subscription price per share is NOK 1.06. The total subscription price therefore is NOK 6,163,375, of which NOK 636,625 is added to the Company's share capital while NOK 5,526,750 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
27 February 2015
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.