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Invesco Funds Invest NOK140 Million In Thin Film Electronics ASA


Friday, 6 Sep 2013 02:30am EDT 

Thin Film Electronics ASA announced that funds managed by Invesco Asset Management Limited have agreed to acquire 56,000,000 shares in the Company at a subscription price of NOK2.50 per share totalling NOK140,000,000 (USD 23 million). Following EGM approval, Invesco will hold 13.3% of the shares in the Company. Upon subscription in the offering, Invesco will also receive 46,666,666 warrants, each with an exercise price of NOK3.00. The warrants are exercisable after a 12-month holding period, and expire in three years.