The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 21 April 2009 to propose a share issue by way of a rights issue. The proposal will be considered and resolved by the shareholders at Thinfilm's annual general meeting on 6 May 2009.

 

The proposal includes a share issue of a minimum 45,454,545 shares and maximum 109,685,545 shares. The issue price shall be NOK 0.11 per new share and shall be paid in cash.

 

Provided that the minimum subscription of the rights issue is achieved, independent subscription rights shall be issued to the same persons as those subscribing for new shares in the rights issue and with equivalent preferential rights. The independent subscription rights shall be granted so that the subscription for one (1) new share in the rights issue shall lead to the allotment of one (1) independent subscription right. Each independent subscription right gives the right to require issued one (1) new share in the Company at a subscription price of NOK 0.11.

 

The full text of the proposal is subject 5 in the notice of the annual general meeting, which is attached in pdf file. The notice, attendance forms and the annual report for 2008 will be sent to the shareholders today.

 

22 April 2009 

Thin Film Electronics ASA