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Friday, 11 August 2017

THIN - Grant of Subscription Rights

Thin Film Electronics ASA    

Published: 08:00 CEST 11-08-2017 /GlobeNewswire /Source: Thin Film Electronics ASA / : THIN /ISIN: NO0010299068

THIN - Grant of Subscription Rights

The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 10 August 2017 to grant a total of 780,000 incentive subscription rights ("SRs") to 15 new employees of the company. The grant was made under Thinfilm's 2017 Subscription Rights Incentive Plan as resolved at Thinfilm's Annual General Meeting on 5 May 2017.

The exercise price of the SRs is NOK 3.79 per share. The vesting schedule for the subscription rights is 25 per cent each year beginning one year from the Vesting Commencement date, 15 July 2017. The SRs expire on 5 May 2022.

Following the grant there are 37,675,000 SRs outstanding in Thinfilm.

 


For more information, contact:

Ole Ronny Thorsnes, CFO: +47 91 86 66 97 / ole.thorsnes@thinfilm.no

 


10 August 2017

Thin Film Electronics ASA

  





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Thin Film Electronics ASA, Postboks 1872 Vika, Oslo 0255, Norway
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