The board of directors of Thin Film Electronics ASA ("Thinfilm") has resolved to issue 105,000 shares to 2 employees, in accordance with the Company's 2012 Subscription Rights Incentive Plan.
Cashless exercise - transfer of rights
On 23 February 2017, in order to establish a cashless exercise of subscription rights, the 2 exercising employees have transferred their rights to receive shares resulting from the exercise of options to a third party.
The issue of the 105,000 shares corresponds to a share capital increase of NOK 11,550 (each share issued having a par value of NOK 0.11). The weighted average subscription price per share was NOK 1.89. The total subscription price therefore is NOK 198,450 of which NOK 11,550 is added to the Company's share capital while NOK 186,900 is added to the Company's funds in accordance with the provisions of the Public Limited Companies Act.
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23 February 2016
Thin Film Electronics ASA