THIN - Shares as board remuneration
(Thomson Reuters ONE) -
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
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thin Film Electronics ASA via Thomson Reuters ONE
[HUG#1514427]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 54499
Anzahl Zeichen: 1702
contact information:
Town:
Oslo
Kategorie:
Business News
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