REC ASA - Primary insider transaction
Sandvika, July 29, 2009; With reference to the rights issue announced
on May 19, 2009, the following primary insider have been allocated
shares in accordance with the principles set out in the prospectus
after oversubscribing relative to the number of subscription rights
received in the transaction.
Primary insider Kristine Ryssdal (Senior Vice President - CLO) has
subscribed to 174 new shares according to all the subscription rights
received. In addition to rights received, Ms. Ryssdal was allocated 6
shares through the allotment process. After this transaction, Ryssdal
and related parties hold 685 shares and 20,454 options in REC.
About REC
REC is the leading vertically integrated player in the solar energy
industry. REC Silicon and REC Wafer are among the world's largest
producers of polysilicon and wafers for solar applications, and REC
Solar is a rapidly growing manufacturer of solar cells and modules.
REC Group had revenues of NOK 8,191 million and an operating profit
of NOK 2,529 million in 2008. About 2,500 employees work in REC's
worldwide organization. Please also see www.recgroup.com.
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DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE
UNITED STATES:
This press release does not constitute or form part of an offer or
solicitation to purchase or subscribe for securities in the United
States. The securities referred to herein may not be offered or sold
in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as
amended. The Company does not intend to register any portion of the
offering of the securities in the United States or to conduct a
public offering of the securities in the United States. Copies of
this announcement are not being made and may not be distributed or
sent into the United States, Australia, Canada, Hong Kong or Japan.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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