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Thin Film Electronics ASA – Subscription Rights

Written by Customer Service on . Posted in Public Companies.

Oslo, 29 April 2021

The Board of Directors of Thin Film Electronics ASA has become aware of an inadvertent mispricing, compared to US tax laws, of certain subscription rights awards previously granted to US employees under the Company’s 2020 Subscription Rights Incentive Plan (“2020 Plan”). The Board has therefore, as allowed under the 2020 Plan, resolved to reprice such prior grants to become fully compliant with applicable US tax laws. With reference to the Company’s announcements on Oslo Børs on 13 September, 16 October, 11 December and 18 December 2020 regarding grants of subscription rights to employees, the exercise prices per share in these four rounds of grants have been amended to NOK 0.3300, NOK 0.3752, NOK 0.3900 and NOK 0.4470, respectively.

Contact:
Ståle Bjørnstad – Investor Relations
E-mail: stale.bjornstad@thinfilmsystems.com
Phone: +47 99 16 76 72

Kevin Barber – Chief Executive Officer
E-mail: kevin.barber@thinfilmsystems.com

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

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