Oslo, Norge 25 Juni 2007 -
Thin Film Electronics ASA ("Thinfilm") hereby announces that is intends to raise capital through a private placement of shares during the week commencing 25 June 2007.
As previously foreshadowed by Thinfilm in its communication with the shareholders and the market, the Company is in need for capital for operations through 2008. Consistent with such previous announcements, Thinfilm now wishes to secure such funding through a share issue to new investors and/or existing shareholders. In so doing, the Board of Directors will utilize the specific authorization granted by the 2007 Annual General Meeting, under which the Board may issue shares to new or existing shareholders in a private placement of shares, maximized to 20% of the Company's share capital.
Those shareholders who may have an interest in participating in the private placement of shares should inform Thinfilm of their interest by written notification to Morten Opstad, Chairman of the Board, by telefax +47 23 27 27 01 or e-mail mop@raeder.no, or Johan Carlsson, Managing Director, by telefax +46 134 602 499 or e-mail johan.carlsson@thinfilm.se. Such notification should be sent as soon as possible and no later than 12.00 noon Oslo time on Tuesday 26 June 2007.
Please note that this announcement is not an offer to subscribe for or purchase securities in Thinfilm. Any share issue remains subject to a resolution by the Board of Directors of Thinfilm."
For more information contact:
Thin Film Electronics ASA
Johan Carlsson
CEO, Thin Film Electronics
+46 13 460 24 01