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BRIEF-Thin Film Electronics: contemplated private placement
December 1, 2016 / 3:51 PM / 10 months ago

BRIEF-Thin Film Electronics: contemplated private placement

Dec 1 (Reuters) - Thin Film Electronics ASA :

* Contemplated private placement

* Says has retained ABG Sundal Collier ASA and Arctic Securities AS as Joint-Lead Managers and Joint Bookrunners to advise on and effect an undocumented private placement of up to NOK equivalent of about $60 million, representing about 20% of outstanding shares in company

* Subscription price in private placement will be set at or close to market through an accelerated bookbuilding process

* Private placement will be divided into a tranche 1 consisting of 67,600,000 new shares and a tranche 2 consisting of an equal number of new shares Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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