Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of certain primary insiders in Thinfilm.
Following the Annual General Meeting of Thinfilm on 7 May 2015 ("AGM"), the board members Preeti Mardia and Tor Mesøy elected to receive the board remuneration in shares. This implies that Preeti Mardia and Tor Mesøy each will acquire 33,926 shares. The number of shares correspond to 120% of the board remuneration of NOK 125,000 for board members, as resolved by the 7 May 2015 AGM. The shares will be acquired at a subscription price of NOK 0.11 per share, equal to the par value of the shares.
Following this transaction, Ms Mardia will hold or control 103,922 shares and Mr Mesøy will hold or control 63,926 shares.
In addition, the board resolved on 7 May 2015 to grant 500,000 employee subscription rights to Kai Leppänen, on the back of his promotion to Chief Commercial Officer.
Following this grant, Mr Leppänen will hold or control 1,200,000 subscription rights.
7 May 2015
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.