REC ASA -allocation of shares to primary inside...
On 25 February 2010, as part of the REC 2007 Long Term Incentive Plan, Renewable
Energy Corporation ASA has today purchased 13,850 shares at an average price of
NOK 21.07 per share and has allocated 28,244 shares to employees participating
in the Long Term Incentive Plan. Four primary insiders in Renewable Energy
Corporation ASA were allocated in total 13,217 shares under the 2007 Long Term
Incentive Plan.
Primary insider John Andersen, Jr. (Executive Vice President - REC Solar & Group
COO) was allocated 4,155 shares. After this transaction, Andersen and related
parties hold 190,406 shares and 123,740 options in Renewable Energy Corporation
ASA.
Primary insider Erik Sauar (Senior Vice President & CTO) was allocated 3,364
shares. After this transaction, Sauar and related parties hold 429,738 shares
and 105,436 options in Renewable Energy Corporation ASA.
Primary insider Bjørn Brenna (Executive Vice President & CFO) was allocated
3,957 shares. After this transaction, Brenna and related parties hold 54,787
shares and 124,015 options in Renewable Energy Corporation ASA.
Primary insider Svánaug Bergland (Senior Vice President - Organizational
Development & Corporate Communications) was allocated 1,741 shares. After this
transaction, Bergland and related parties hold 13,805 shares and 76,039 options
in Renewable Energy Corporation ASA.
Renewable Energy Corporation ASA, 25 February 2009
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1388640]
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