The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 10 August 2017 to grant a total of 780,000 incentive subscription rights ("SRs") to 15 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 3.79 per share. The vesting schedule for the subscription rights is 25 per cent each year beginning one year from the Vesting Commencement date, 15 July 2017. The SRs expire on 5 May 2022.
Following the grant there are 37,675,000 SRs outstanding in Thinfilm.
For more information, contact:
Ole Ronny Thorsnes, CFO: +47 91 86 66 97 / email@example.com
10 August 2017
Thin Film Electronics ASA