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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Thin Film Electronics ASA    THIN   NO0010299068

THIN FILM ELECTRONICS ASA

(THIN)
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Thin Film Electronics ASA : - Warrant Exercise

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08/21/2020 | 01:24pm EDT

Oslo, 21 August 2020

Reference is made to the announcement by Thin Film Electronics ASA (the "Company") on 20 May 2020 regarding an Extraordinary General Meeting where the shareholders resolved to issue warrants to participants in a Private Placement and Subsequent Offering of shares, and on 30 June 2020 regarding the result of the Subsequent Offering. The Company has, in the first round of exercises, received notices of exercise of a total of 3,292,217 Warrants A and a total of 552,673 Warrants B, and has subsequently resolved to increase the Company’s share capital with NOK 422,937.90 in connection with the issuance of shares upon said exercises. Upon registration of the share capital increase (and taking into account the share capital increase resolved at the Extraordinary General Meeting dated 19 August 2020), the Company's share capital will be NOK 76,238,094.24 divided into 693,073,584 shares, each share having a par value of NOK 0.11.

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 2019 0,70 M - -
Net income 2019 -78,4 M - -
Net Debt 2019 20,2 M - -
P/E ratio 2019 -1,74x
Yield 2019 -
Capitalization 264 M 28,9 M -
EV / Sales 2018 63,9x
EV / Sales 2019 50,8x
Nbr of Employees 23
Free-Float 65,3%
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Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 0,33 
Spread / Highest target -
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Managers
NameTitle
Kevin D. Barber Chief Executive Officer
Morten Opstad Chairman
David Williamson Chief Financial Officer
Arvind Kamath EVP-Technology Development & Manufacturing
Preeti Rani Mardia Independent Director
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