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THIN: Share Capital Increase In Connection With Reverse Share Split

Written by Customer Service on . Posted in Public Companies.

In connection with the reverse share split resolved by the extraordinary general meeting of Thin Film Electronics ASA (the “Company”) on 23 October 2019, the general meeting authorized the Board to issue three (3) new shares at par value in order for the Company’s registered number of shares to be dividable by 20 (the reverse share split ratio). Pursuant to such board authorization, the Board on 24 October 2019 resolved the issuance of three (3) new shares to an existing shareholder, which new shares subsequently will be used in connection with the rounding up of shareholdings of shareholders, who do not have a number of shares dividable by 20. Following the issue of the new shares, the Company’s share capital will be NOK 128,905,878.20 divided into 1,171,871,620 registered shares each with a nominal value of NOK 0.11.”24 October 2019Thin Film Electronics ASAThis information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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