The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 23 May 2011 to issue 750,000 shares to employees, in accordance with the Company's 2009 Subscription Rights Plan, corresponding to share capital increase of NOK 82,500 (each share issued having a par value of  NOK 0.11).

 

Following this transaction, the Company's share capital will be NOK 30,921,009.46. The subscription price per share is NOK 1.08. The total subscription price therefore is NOK 810,000, of which NOK 82,500 is added to the Company's share capital while NOK 727,500 is added to the Company's funds in accordance with the provisions of the Public Limited Companies Act.           

 

23 May 2011
Thin Film Electronics ASA

 

 

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



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Source: Thin Film Electronics ASA via Thomson Reuters ONE
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