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    ENSU   NO0010299068

ENSURGE MICROPOWER ASA

(ENSU)
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Thin Film Electronics ASA : - Grant of Incentive Subscription Rights

10/15/2020 | 07:59pm EDT

Oslo, 16 October 2020

The board of directors of Thin Film Electronics ASA ("Thinfilm" or the "Company") resolved on 15 October 2020 to issue 600,000 incentive subscription rights to an employee in the Thinfilm group. The grant was made under the Company's 2020 incentive subscription rights plan as resolved at the Extraordinary General Meeting on 19 August 2020. The exercise price of the subscription rights is NOK 0.3724 per share. The subscription rights vest by 50% per year over two years and expire on 19 August 2025. Following the grants, there are 78,474,779 subscription rights issued and outstanding in Thinfilm.

Contact:
Kevin Barber - Chief Executive Officer
Email: kevin.barber@thinfilmsystems.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

© OMX, source OMX

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Financials
Sales 2020 0,49 M - -
Net income 2020 -38,8 M - -
Net Debt 2020 20,4 M - -
P/E ratio 2020 -5,60x
Yield 2020 -
Capitalization 120 M 120 M -
EV / Sales 2019 48,5x
EV / Sales 2020 175x
Nbr of Employees 22
Free-Float 63,0%
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Consensus
 
Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 0,80 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers and Directors
NameTitle
Kevin D. Barber Chief Executive Officer
David Williamson Chief Financial Officer
Morten Opstad Chairman
Arvind Kamath EVP-Technology Development & Manufacturing
Shannon Fogle VP-Global Human Resources & Administration
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