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Thin Film Electronics ASA (Thinfilm) announced that funds managed by Invesco Asset Management Limited have agreed to acquire 56,000,000 shares in the Company at a subscription price of NOK 2.50 per share totalling NOK 140,000,000 (USD 23 million). Followi
September 6, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Upon subscription in the offering, Invesco will also receive 46,666,666 warrants, each with an exercise price of NOK 3.00. The warrants are exercisable after a 12-month holding period, and expire in three years. The issuance of shares and warrants are subject to the approval of an extraordinary general meeting in Thinfilm. An EGM will be called for as soon as practical and will take place on or about Oct. 2, 2013. A listing prospectus will be prepared in connection with the placement. “Hav...
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