The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 25 February 2016 to grant a total of 735,000 incentive subscription rights ("SRs") to new employees of the Company. The grant was made under Thinfilm's 2015 Subscription Rights Incentive Plan as resolved at Thinfilm's annual general meeting on 7 May 2015.
The exercise price of the SRs is NOK 3.56 per share. Twenty-five per cent of the SRs vest at each annual anniversary from the date of the grant. The SRs expire on 7 May 2020.
Following the grant, there are 35,942,500 SRs outstanding in Thinfilm.
For more information, contact:
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no
25 February 2016
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.