By Devika Patel
Knoxville, Tenn., June 9 - Thin Film Electronics ASA announced it plans a NOK 5.74 million private placement of shares.
The company will sell 14 million ordinary shares at NOK 0.41 each to ASAH AS.
Settlement is expected July 1.
Based in Oslo, Thin Film uses polymers as the active material to make electronic memory devices.
| Issuer: | Thin Film Electronics ASA
|
| Issue: | Stock
|
| Amount: | NOK 5.74 million
|
| Shares: | 14 million
|
| Price: | NOK 0.41
|
| Warrants: | No
|
| Investor: | ASAH AS
|
| Pricing date: | June 9
|
| Settlement date: | July 1
|
| Stock symbol: | Oslo: THIN
|
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