Thin Film Electronics (Thinfilm) issued one warrant for every two shares subscribed for and issued in the private placement completed 12 March 2012 (total of 12,500,000 warrants). The warrant would have a term until 22 March 2013, with a short exercise period at the end of the term, and an exercise price per share of NOK 2.20.
Thinfilm has received notice of exercise of 12,172,500 warrants (97.4% of the total outstanding and exercisable warrants), thereby raising approximately NOK 26.8 million in new capital. The payment deadline is 10 April 2013. Following completion of the warrants exercise, Thinfilm’s share capital will amount to NOK 40,257,128.12 representing 365,973,892 shares at NOK 0.11 par value per share.
