Press release BoxID: 456049 (Thin Film Electronics AB)
  • Thin Film Electronics AB
  • Westmansgatan 27
  • SE9582 1 Linköping

Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of certain primary insiders in Thinfilm

(PresseBox) (Linköping, ) Reference is made to the company's announcement on 17 October 2011 regarding Warrants exercise. Thinfilm has received notice of exercise of 120,000 Warrants A from Thinfilm's chairman of the board, Morten Opstad (and close associates), who is a primary insider in Thinfilm. Similarly, the following number of Warrants have been exercised by other primary insiders and close associates in Thinfilm: William Salaneck (board member) 30,000 Warrants A; Rolf Åberg (board member) 10,000 Warrants A and 10,000 Warrants B; Davor Sutija (CEO) 120,000 Warrants A, Geir Harald Aase (VP IR) 120,000 Warrants A and Torgrim Takle (CFO) 60,000 Warrants A.

Warrants A were exercised at a subscription price of NOK 0.90 per share and Warrants B at a subscription price of NOK 1.00 per share.

Following this transaction, Mr. Opstad and close associates will hold or control 1,282,496 shares, 120,000 Warrants B and 325,000 incentive subscription rights. Similarly numbers for the other primary insiders and close associates are as follows (shares; Warrants B; incentive subscription rights): William Salaneck (119,400; 30,000; 0), Rolf Åberg (208,216; 0; 368,750), Davor Sutija (1,240,000; 120,000; 3,500,000), Geir Harald Aase (245,000; 120,000; 800,000) and Torgrim Takle (60,000; 60,000; 1,500,000)