The annual general meeting of Thin Film Electronics ASA ("Thinfilm") resolved on 10 May 2011 that the Board members could elect to receive all or part of the board remuneration in the form of shares in Thinfilm; that the number of shares shall correspond to a value of 127 per cent of the NOK amount granted as board remuneration; that the board member must pay a subscription price per share equal to the par value of the share, NOK 0.11; and that the shares cannot be sold before the earlier of the Annual General Meeting of Thinfilm in 2012 and 30 June 2012.
The chairman, Morten Opstad, elected to receive NOK 51,181 in cash and NOK 88,819 in shares. This means that Thinfilm will issue 60,000 shares to Morten Opstad. The share capital will increase by a total of NOK 6,600. The shares will be issued when the share capital has been paid in.
11 May 2011
Thin Film Electronics ASA