The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 16 August 2018 to grant a total of 7,650,000 incentive subscription rights ("SRs") to 30 new employees of the company. The grant was made under Thinfilm's 2018 Subscription Rights Incentive Plan as resolved at Thinfilm's Annual General Meeting on 4 May 2018.
The exercise price of the SRs is NOK 1.91 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 2018. The SRs expire on 3 May 2023.
Following the grant there are 75,388,576 SRs outstanding in Thinfilm.
16 August 2018
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.