BRIEF-Norway's Thin Film plans $110 mln share issue [Reuters]
THIN FILM ELECTRONICS ASA AME (TFECY)
NASDAQ:AMEX Investor Relations:
thinfilm.no/investors-investor-relations
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Source: Reuters
BRIEF-Norway's Thin Film plans $110 mln share issue | Reuters Reuters Staff 2 Min Read Oct 18 (Reuters) - Thin Film Electronics Asa * Thin film electronics contemplates ?private placement of up to NOK equivalent of USD 110 million, representing approximately 43% of outstanding shares in company * ?subscription price in private placement will be set through an accelerated bookbuilding process and is expected to be set between NOK 2.50 and NOK 2.65 * Thin Film’s shares closed at NOK 2.32 on Wednesday * ?has received significant pre-commitments from existing shareholders, as well as new institutional investors * ?application period for private placement commenced today at 16:30 cet and closes 19 october 2017 at 08:00 cet * has retained Carnegie AS as Sole Global Coordinator and Joint Bookrunner, and Cowen and Company, LLC and DNB Markets as Joint Bookrunners * ?net proceeds from private placement are intended to fully fund investments and operations until cash break-even based on current
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