Flexible Electronics News

Thinfilm Announces Successful Completion of Private Placement

Issues private placement of 25 million new shares at NOK 1.80 per share

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The board of directors to Thin Film Electronics ASA has, after close of trading on March 12, 2012, resolved and accomplished a private placement of 25,000,000 new shares in the Company at a price of NOK 1.80 per share, thereby raising NOK 45 million in new capital. The placement was made pursuant to the existing board authorization to issue shares, as resolved at Thinfilm’s annual general meeting on May10, 2011. One warrant is proposed attached to and issued for every two shares sub...

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