NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange release by Thin Film Electronics ASA ("Thin Film" or the "Company") on 17 June 2019 regarding a contemplated private placement targeting to raise up to the NOK equivalent of USD 16 million by issuing new shares in the Company.
Based on dialogues with existing and potential new shareholders, the Company has decided not to proceed with the private placement.
The Company has decided to pursue other funding options for the Company and its new business strategy.
The Company will update shareholders and the market in due course.
Kevin Barber - Chief Executive Officer (Investors)
Tel: +1 408 503 7306
Ole R. Thorsens - Chief Financial Officer (Investors)
Tel: +47 918 66 697
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.