REC ASA - Share capital increase registered
Sandvika, July 23, 2009. The share capital increase in connection
with REC's rights issue has now been registered, and the new shares
will be tradable on Oslo Børs from today.
Reference is made to the notice published by REC on July 17, 2009.
The share capital increase in connection with REC's rights issue has
now been registered with the Norwegian Register of Business
Enterprises. Following the registration of the share capital
increase, the Company's share capital is NOK 664,768,079 divided into
664,768,079 shares, each with a nominal value of NOK 1.
The new shares will from and including today, July 23, 2009, be
tradable on Oslo Børs. It is expected that the new shares will be
delivered to the subscribers' VPS accounts, subject to full payment
of the new shares by the subscriber, on or about July 24, 2009.
This information is subject of the disclosure requirements acc. to
Section 5-12 of the Norwegian Securities Trading Act (vphl.).
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.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART
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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