Brief: Thin Film Electronics Secures And Proposes Private Placement Of Shares

Ensurge Micropower ASA

28/04/2020 12:57

April 28 (Reuters) - Thin Film Electronics ASA  THIN.OL :
    * THIN FILM ELECTRONICS ASA HAS SECURED AND PROPOSES A
PRIVATE
PLACEMENT OF
    * SHAREHOLDERS APPROVED A PRIVATE PLACEMENT OF SHARES OF A
MINIMUM
AMOUNT OF NOK 25,000,000 AT A MINIMUM SUBSCRIPTION PRICE PER
SHARE OF NOK 0.94
    * BOARD WILL CALL A NEW EXTRAORDINARY GENERAL MEETING TO
APPROVE
PROPOSED PRIVATE PLACEMENT
    * OFFER INVOLVES ISSUANCE OF 227,272,727 NEW SHARES AT A
SUBSCRIPTION PRICE PER SHARE OF NOK 0.11, RAISING A TOTAL OF NOK
25 MILLION
    * WILL ALSO PROPOSE TO UPCOMING EGM THAT A SUBSEQUENT
(REPAIR)
OFFERING IS CARRIED OUT AT A SUBSCRIPTION PRICE PER SHARE EQUAL
TO SUBSCRIPTION PRICE IN PRIVATE PLACEMENT
    * MAXIMUM AMOUNT OF SUBSEQUENT OFFERING WOULD BE NOK 7
MILLION

Source text for Eikon:  ID:nObiLkbnta 
Further company coverage:  THIN.OL 

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