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Thin Film Electronics ASA – Grant of incentive subscription rights

Written by Customer Service on . Posted in Public Companies.

Oslo, 13 September 2020The board of directors of Thin Film Electronics ASA (“Thinfilm” or the “Company”) resolved on 11 September 2020 to issue 60,031,441 incentive subscription rights to employees 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 0.2840 per share. The subscription rights vest by 50% per year over two years and expire on 19 August 2025. Following the grants, there are 63,452,176 subscription rights issued and outstanding in Thinfilm.This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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