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Agrees to acquire 120,000,000 new shares in Thinfilm, and will hold 17.8% of shares.
February 19, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Thin Film Electronics ASA (Thinfilm) announced that Woodford Investment Management has agreed to acquire 120,000,000 new shares in Thinfilmin a private placement at a subscription price of NOK 3.00 per share totaling NOK 360,000,000 (USD 42 million). Upon completion of the transaction, Woodford will hold 17.8% of the shares in the company. Upon subscription in the offering, Woodford will also receive 40,000,000 warrants, each with an exercise price of NOK 4.50. The warrants are exercisable ...
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