Bli medlem
Bli medlem

Du är här

2020-06-12

Thin Film Electronics ASA - Approved prospectus and start of subscription period in the Subsequent Offering

Oslo, 12 June 2020. Reference is made to the stock exchange notice published by Thin Film Electronics ASA (the "Company" or “Thinfilm”) on 30 May 2020 regarding registration of the shares issued in the private placement resolved by the Extraordinary General Meeting dated 20 May 2020 (the “Private Placement”), which new shares would not be admitted to trading on Oslo Børs pending publication of a listing prospectus (the "Prospectus"), as approved by the Financial Supervisory Authority of Norway (the "Norwegian FSA"). Reference is also made to the stock exchange notice published on 20 May 2020 regarding the Company's resolution to proceed with the Subsequent Offering.

The Norwegian FSA has approved the Prospectus that has been prepared by the Company for the listing on Oslo Børs of the 227,272,727 shares issued in the Company in the Private Placement and the offer and listing of up to 63,636,363 Offer Shares in the Subsequent Offering, for a subscription price per Offer Share of NOK 0.11 (which is equal to the subscription price per share in the Private Placement).

Each Offer Share will be granted two warrants (“Warrants”), where the first Warrant (“Warrant A”) will have an exercise price of NOK 0.11 per share and be exercisable at any time from the date of grant until 31 December 2020, and the second Warrant (“Warrant B”) will have an exercise price of NOK 0.25 and be exercisable at any time from the date of grant until 20 August 2021.

The Prospectus is attached hereto and is available at https://thinfilmsystems.com/investor-relations/share-information/prospectus/ .Printed copies of the Prospectus may be obtained free of charge at the offices of the Company’s law firm Advokatfirmaet Ræder AS. As a result of the above, the subscription period for the Subsequent Offering starts on 15 June 2020 and expires on 29 June 2020 at 16:30 CET. Each Eligible Shareholder has been granted 1,11458462 transferable subscription rights (“Subscription Rights”) for every share owned in the Company as of the Record Date. Each Subscription Right gives the shareholder the preferential right to subscribe for and be allocated one (1) Offer Share in the Subsequent Offering. Oversubscriptions and subscriptions without Subscription Rights will be allowed, however, there can be no assurances that Offer Shares will be allocated based on such subscriptions. Subscription Rights not used to subscribe for Offer Shares during the subscription period will have no value after the end of the subscription period and will lapse without compensation to the holder.

The Subscription Rights, Offer Shares and Warrants have not been registered, and will not be registered, under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, within the United States, except pursuant to an applicable exemption from the registration requirements of the U.S. Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States. The Subscription Rights, Offer Shares and Warrants have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, in or into Australia, Canada or Japan, except pursuant to an applicable exemption from the registration requirements and otherwise in compliance with the securities laws of such country, or any other jurisdiction in which it would not be permissible to offer the Offer Shares.

Thinfilm is Energizing Innovation(TM) with ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Thinfilm's innovative solid-state lithium battery (SSLB) technology is uniquely positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications. The Company's state-of-the-art flexible electronics manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of SSLB technology to established and expanding markets. Thin Film Electronics ASA is a publicly listed company in Norway with corporate headquarters in Oslo and global headquarters in San Jose, California.

Contact: Kevin Barber - Chief Executive Officer, e-mail: kevin.barber@thinfilmsystems.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.