PresseBox
Press release BoxID: 241705 (Thin Film Electronics AB)
  • Thin Film Electronics AB
  • Westmansgatan 27
  • SE9582 1 Linköping
  • http://www.thinfilm.se
  • Contact person

THIN - Conversion of Class B shares

(PresseBox) (Linköping, ) The board of directors of Thin Film Electronics ASA ("Thinfilm" or "the Company") has resolved to convert all issued and outstanding Class B shares in Thinfilm to Class A shares. The terms and conditions of the Class B shares are set out in the articles of association of the Company as published in the Prospectus dated 29 January 2008 in connection with listing of Thinfilm's Class A shares on Oslo Axess and Note 9 to Thinfilm's consolidated annual financial statements for 2007. Following a cash exercise of the related subscription rights in Fast Search & Transfer AS in 2008, the Class B shareholders submitted notices of conversion of the Class B shares to the board.

Following the conversion, the share capital of the Company is NOK 2,413,081.99 divided into 21,937,109 ordinary shares at NOK 0.11 par value per share. Following the conversion, there are no Class B shares in issue and outstanding and the share class (Class B) shall no longer exist. The articles of association of the Company have been amended accordingly.