PresseBox
Press release BoxID: 456041 (Thin Film Electronics AB)
  • Thin Film Electronics AB
  • Westmansgatan 27
  • SE9582 1 Linköping
  • http://www.thinfilm.se

THIN - Warrants exercise

(PresseBox) (Linköping, ) Thin Film Electronics ASA ("Thinfilm") issued two Warrants for every share subscribed for and issued to the subscribers in the private placement completed in October 2010 (total of 23,314,000 shares were issued). The first warrant ("Warrant A") was exercisable in the period 3 to 14 October 2011 at an exercise price per share of NOK 0.90. The second warrant ("Warrant B") is exercisable in the period 1 to 12 October 2012 at an exercise price per share of NOK 1.00; provided, however, that Warrant B may only be exercised in case the associated Warrant A is timely exercised.

Pursuant to a resolution by the annual general meeting in Thinfilm on 10 May 2011, the board was given the right to allow an early exercise of Warrant B. The Board resolved on 19 September 2011 to allow an early exercise of Warrant B concurrent with the exercise period of Warrant A (3-14 October 2011).

Thinfilm has received notice of exercise of 23,254,000 Warrants A and 190,000 Warrants B (total of 23,444,000 Warrants). The payment deadline is 28 October 2011.

Following completion of the Warrants exercise, Thinfilm's share capital will amount to NOK 33,499,849.46, representing 304,544,086 shares at NOK 0.11 par value per share. 23,064,000 Warrants B remain outstanding (exercisable in the period 1 to 12 October 2012).