PARC increases its shareholding in Thinfilm
PARC, a Xerox company, is increasing its shareholding in Thin Film Electronics
ASA ("Thinfilm" or "the Company") as part of the extended collaboration between
the two companies (reference is made to the prior notice on 5 June 2012
regarding the extended relationship with PARC).
PARC will be issued 765,306 new shares equal to NOK 1,462,500 through a private
placement. The subscription price of NOK 1.911 per Thinfilm share equals the
average closing share price for the last ten trading days up to and including 6
September 2012.
The Thinfilm Board of Directors has in place an authorization from the general
meeting dated 10 May 2012 to issue shares in a number maximized to 11 % of the
registered number of shares in the Company at the date of the authorization. The
share issue to PARC is within this 11% authorization. Following this
transaction, the Company's share capital will be NOK 36,372,863.12 divided into
330,662,392 ordinary shares each having a par value of NOK 0.11.
21 September 2012
Thin Film Electronics ASA
For more information contact:
Torgrim Takle, CFO: +47 95 14 07 82 / tt@thinfilm.no
About Thinfilm
Thin Film Electronics ASA (Ticker: THIN.OL) is a leader in the development of
printed electronics. The first to commercialize printed rewritable memory,
Thinfilm is creating printed system products that will include memory, sensing,
display and wireless communication-at a cost-per-functionality unmatched by any
other electronic technology. Thinfilm's roadmap of system products integrates
technology from a strong and growing ecosystem of partners to enable the
Internet of Things by bringing intelligence to disposable goods. Company
headquarters are in Oslo, Norway, with product development in Linköping, Sweden,
sales offices in San Francisco, USA, and Tokyo, Japan, and manufacturing in
Pyongtaek, South Korea. www.thinfilm.no
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1642472]