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Issue of New Thinfilm Shares Subscribed 3.5 Times

Successfully completed a placement of 23.3 million new shares

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Thin Film Electronics (Thinfilm) has successfully completed a placement of 23.3 million new shares. The gross proceeds from the placement closed October 1 amount to NOK 18.7 million. Including the two proposed warrants issued to each share subscribed, the potential gross proceeds are NOK 62.9 million. Thinfilm offered up to 23,314,000 new shares and received subscriptions for 81.2 million shares; the placement was subscribed by 3.5 times. Thinfilm is the first in the world to produce po...

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