Extraordinary general meeting in Renewable Ener...
Sandvika, February 14, 2011: The board of REC has today, upon request from Orkla
ASA, decided to call for an extraordinary general meeting to substitute board
members Dag J. Opedal and Roar Engeland as board members of REC.
Orkla informs that Opedal and Engeland, on the basis that they have left or
announced to leave Orkla, have asked Orkla to initiate a process to replace them
as board members of REC at a suitable time.
Orkla has proposed to the nomination committee to substitute board members
Opedal and Engeland with Bjørn Wiggen (CEO Orkla) and Svein-Tore Holsether (EVP
Orkla) from the time of the extraordinary general meeting to the ordinary
general meeting May 25, 2011. The nomination committee has accepted the
proposal.
The Board shall, in accordance with the Norwegian Public Limited Companies Act
section 5-7 call for an extraordinary general meeting upon request from a
shareholder representing at least 5% of the share capital. Orkla owns
approximately 39,73% of the shares of REC.
"I want to thank Mr. Opedal and Mr. Engeland for their significant contribution
to the development of REC in a challenging time for the company", says President
and CEO of REC Ole Enger.
Notice with further details will be announced and distributed according to
standard procedures.
For further information, please contact:
VP & IRO Mikkel Tørud, tel +47 976 99 144
About REC
REC is a leading vertically integrated player in the solar energy industry. REC
is among the world's largest producers of polysilicon and wafers for solar
applications, and a rapidly growing manufacturer of solar cells and modules. REC
is also engaged in project development activities in selected PV segments.
Founded in Norway, REC is an international solar company, employing more than
4,200 people worldwide. REC had revenues in close to NOK 14 billion in 2010.
Please visitwww.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1488624]
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund