Flexible Electronics News

PARC, a Xerox Company, Increases Shareholding in Thinfilm

PARC owns four million shares in Thinfilm

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By: DAVID SAVASTANO

Editor, Ink World Magazine

PARC, a Xerox company, is increasing its shareholding in Thin Film Electronics ASA (Thinfilm). PARC will receive 1,100,843 new shares equal to NOK 6,140,500 through a private placement. The subscription price of NOK 5.578 per Thinfilm share equals the average closing share price for the last ten trading days up to and including Dec. 17, 2013. The Thinfilm Board of Directors has in place an authorization from the general meeting dated May 8, 2013 to issue shares in a number maximized to 10% of...

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