This disclosure is sent on behalf of certain large shareholders inThin Film Electronics ASA (the "Company"). Reference is made to the announcement made by the Company on20 May 2020 regarding the resolutions by the Extraordinary General Meeting to approve, among other things, a private placement of shares (the "Private Placement") and the issuance of warrants to the subscribers, who were allocated shares in the Private Placement. Tigerstaden AS was allocated 45,454,545 shares and 90,909,090 warrants in the transaction. Following completion of the Private Placement, Tigerstaden AS and close associates will own 45,454,545 shares, representing 15,90% of the Company's total number of outstanding shares following the Private Placement, as well as 90,909,090 warrants, of which 45,454,545 warrants have an exercise price ofNOK 0.11 per share and will be exercisable at any time from the date of grant until31 December 2020 , while 45,454,545 warrants have an exercise price ofNOK 0.25 per share and will be exercisable at any time from the date of grant until20 August 2021 . Alden AS was allocated 45,454,545 shares and 90,909,090 warrants in the transaction. Following completion of the Private Placement, Alden AS and close associates will own 45,454,545 shares, representing 15,90% of the Company's total number of outstanding shares following the Private Placement, as well as 90,909,090 warrants, of which 45,454,545 warrants have an exercise price ofNOK 0.11 per share and will be exercisable at any time from the date of grant until31 December 2020 , while 45,454,545 warrants have an exercise price ofNOK 0.25 per share and will be exercisable at any time from the date of grant until20 August 2021 .Robert Napier Keith was allocated 45,454,545 shares and 90,909,090 warrants in the transaction. Following completion of the Private Placement,Robert Napier Keith and close associates will own 45,454,545 shares, representing 15,90% of the Company's total number of outstanding shares following the Private Placement, as well as 90,909,090 warrants, of which 45,454,545 warrants have an exercise price ofNOK 0.11 per share and will be exercisable at any time from the date of grant until31 December 2020 , while 45,454,545 warrants have an exercise price ofNOK 0.25 per share and will be exercisable at any time from the date of grant until20 August 2021 . Middelborg AS was allocated 18,181,818 shares and 36,363,636 warrants in the transaction. Following completion of the Private Placement, Middelborg AS and close associates will own 18,181,818 shares, representing 6,36% of the Company's total number of outstanding shares following the Private Placement, as well as 18,181,818 warrants, of which 18,181,818 warrants have an exercise price ofNOK 0.11 per share and will be exercisable at any time from the date of grant until31 December 2020 , while 18,181,818 warrants have an exercise price ofNOK 0.25 per share and will be exercisable at any time from the date of grant until20 August 2021 .22 May 2020 Thin Film Electronics ASA
Click here for more information
© Oslo Bors ASA, source