In the Notice of Extraordinary General Meeting announced on 2 October 2019, the Board of Directors of Thin Film Electronics ASA (the “Company”) had proposed a 150:1 share consolidation, so that 150 shares are consolidated into one share. A share consolidation is required in order for the Company to meet Oslo Børs’ listing requirement regarding minimum trading price of NOK 1 per listed share. Following the announcement, the Board has received a substantial number of comments and reactions from the Company’s shareholders, who have had issues with the proposed ratio of the share consolidation. Having taken into account the comments received and following further Board discussions, the Board wishes to amend its Notice and instead propose a 20:1 share consolidation, whereby 20 shares are consolidated into one share. Agenda item 3 in the Notice of the Extraordinary General Meeting is amended accordingly, as well as any other affected provision of such Notice.
Thin Film Electronics ASA
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.