Thin Film Electronics ASA ("Thinfilm") issues this notice on behalf of Mallorie Burak, Chief Financial Officer.
Mallorie Burak, Chief Financial Officer and primary insider in Thinfilm, today received 9,360,000 subscription rights ("SRs") under Thinfilm's 2019 Subscription Rights Incentive Plan.
Following the transaction, Mallorie Burak and close associates hold or control 9,360,000 SRs in Thinfilm.
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.
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.