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Thin Film Electronics ASA - Grant of Incentive Subscription Rights

Thin Film Electronics ASA
·1 min read

Oslo, 18 December 2020

The board of directors of Thin Film Electronics ASA ("Thinfilm" or the "Company") resolved on 17 December 2020 to issue a total of 5,800,000 incentive subscription rights to three employees in the Thinfilm group. The grant was made under the Company's 2020 incentive subscription rights plan as resolved at the Extraordinary General Meeting on 19 August 2020. The exercise price of the subscription rights is NOK 0.4147 per share. The subscription rights vest by 50% per year over two years and expire on 19 August 2025. Following the grants, there are 85,274,779 subscription rights issued and outstanding in Thinfilm.

Contact:
Kevin Barber - Chief Executive Officer
Email: kevin.barber@thinfilmsystems.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.