Report
Ensurge Micropower ASA
House of Business
Fridtjof Nansens plass 4
Phone: +47 22424500p:+47 22424500 OSLO, 0160  Norway Ticker: ENSUENSU


Thin Film Electronics ASA - Result of Subsequent Offering


Oslo, 16 September 2020

Reference is made to the stock exchange notice published by Thin Film Electronics ASA (the "Company") on 1 September 2020 regarding the Subsequent Offering.

The subscription period under the Subsequent Offering expired on 15 September 2020 at 16:30 CET, and the Subsequent Offering was more than nine times oversubscribed, including subscriptions from eligible shareholders, oversubscriptions, and subscriptions without subscription rights.

Further to the resolution by the Extraordinary General Meeting on 19 August 2020, the board of directors will consider the subscriptions and allocations of Offer Shares on 16 September 2020, following which an announcement will be made as to the number of Offer Shares to be allocated and the associated share capital increase in the Company.

Assuming the issuance of the maximum of 66,666,666 Offer Shares at a subscription price of NOK 0.15 per Offer Share, the Subsequent Offering would raise approximately NOK 10 million.

The subscribers who are allocated Offer Shares will receive a letter confirming the number of Offer Shares allocated and the corresponding amount to be paid by each subscriber. The letters are expected to be distributed on 17 September 2020. Payment for the allocated Offer Shares falls due on 22 September 2020.

For every share subscribed for and allocated in the Subsequent Offering, one warrant will be attached and issued to such subscriber. Each warrant will entitle the holder to demand the issuance of one (1) share in the Company. The warrants ("Warrant C"), will be exercisable at any time between 31 March 2021 and 30 June 2021 at an exercise price per share of NOK 0.25. The warrants are transferable but will not be listed and tradable on a regulated market.

Contact:
Kevin Barber - Chief Executive Officer
Email: kevin.barber@thinfilmsystems.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Related Businesses
- - Customer

Copyright © 2025 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by LSEG Data & Analytics (click for restrictions)
Wednesday, July 9, 2025