Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of certain primary insiders in Thinfilm who today received subscription rights ("SRs") under Thinfilm's 2017 Subscription Rights Incentive Plan.
Davor Sutija, CEO, received 3,500,000 SRs. Following the transaction, Mr. Sutija and close associates hold or control 3,000,000 shares and 9,250,000 SRs in Thinfilm.
Ole Ronny Thorsnes, CFO, received 1,750,000 SRs. Following the transaction, Mr. Thorsnes and close associates hold or control 0 shares and 3,100,000 SRs in Thinfilm.
Christer Karlsson, CTO, received 1,250,000 SRs. Following the transaction, Mr. Karlsson and close associates hold or control 365,000 shares and 3,350,000 SRs in Thinfilm.
Peter Fischer, COO, received 1,750,000 SRs. Following the transaction, Mr. Fischer and close associates hold or control 35,000 shares and 3,350,000 SRs in Thinfilm.
Tauseef Bashir, EVP Global Sales, received 1,750,000 SRs. Following the transaction, Mr. Bashir and close associates hold or control 0 shares and 2,850,000 SRs in Thinfilm.
Henrik Sjöberg, SVP Product Management, received 1,750,000 SRs. Following the transaction, Mr. Sjöberg and close associates hold or control 55,000 shares and 3,600,000 SRs in Thinfilm.
Bill Cummings, SVP Corporate Communications, received 1,250,000 SRs. Following the transaction, Mr. Cummings and close associates hold or control 0 shares and 2,500,000 SRs in Thinfilm.
Christian Delay, SVP Software Platforms, received 1,750,000 SRs. Following the transaction, Mr. Delay and close associates hold or control 0 shares and 2,850,000 SRs in Thinfilm.
The exercise price of the SRs is NOK 2.45 per share. The vesting schedule for the subscription rights is 25 per cent each year beginning one year from the Vesting Commencement date, 15 October 2017. The SRs expire on 5 May 2022.
9 November 2016
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.