The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 5 May 2017 to grant a total of 530,000 incentive subscription rights ("SRs") to eight new employees of the Company. The grant was made under Thinfilm's 2017 Subscription Rights Incentive Plan as resolved at Thinfilm's Annual General Meeting on 5 May 2017.
The exercise price of the SRs is NOK 3.77 per share. The vesting schedule for the subscription rights is 25 percent each year beginning one year from the Vesting Commencement date, 15 April 2017. The SRs expire on 5 May 2022.
Following the grant there are 38,055,000 SRs outstanding in Thinfilm.
For more information, contact:
Ole Ronny Thorsnes, CFO: +47 91 86 66 97 / ole.thorsnes@thinfilm.no
5 May 2017
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.