Press release BoxID: 654759 (Thin Film Electronics ASA)
  • Thin Film Electronics ASA
  • Henrik Ibsens gate 100
  • 0230 Oslo
  • Contact person
  • John Afzelius-Jenevall
  • +47 (95) 879680

THIN - Share issue in relation with Kovio transaction

(PresseBox) (Oslo, ) Reference is made to OSE announcements made on 13, 22 and 27 January 2014 respectively, regarding Thinfilm's acquisition of certain assets of Kovio Inc.

The board of directors of Thin Film Electronics ASA ("Thinfilm") has, as a consequence of the agreement, resolved to issue 1,041,584 shares to the selling party.

The Thinfilm Board of Directors has in place an authorization from the general meeting dated 8 May 2013 to issue shares in a number maximized to 10% of the registered number of shares in the Company at the date of the authorization. This share issue is well within this 10% authorization.

Following this transaction, the Company's share capital will be NOK 51,993,413.56 divided into 472,667,396 ordinary shares each having a par value of NOK 0.11.

The subscription price per share is NOK 5.923. The total subscription price therefore is NOK 6,169,300, of which NOK 114,574.24 is added to the Company's share capital while NOK 6,054,725.76 is added to the Company's funds in accordance with the provisions of the Public Limited Companies Act.