The board of directors of Thin Film Electronics ASA ("Thinfilm") resolved on 23 July 2019 to grant a total of 9,360,000 incentive subscription rights ("SRs") to Mallorie Burak, Chief Financial Officer.
The grant was made under Thinfilm's 2019 Subscription Rights Incentive Plan, as resolved at Thinfilm's Annual General Meeting on 28 May 2019.
The exercise price of the SRs is NOK 0.15 per share. The vesting schedule for the SRs is 33.3% one year from the Vesting Commencement date, 15 July 2019, and thereafter 33.3% and 33.4%, respectively, the two following years. The SRs expire on 28 May 2024.
Following the grant there are 91,322,432 SRs outstanding in Thinfilm.
23 July 2019
Thin Film Electronics ASA
This information is subject of the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.