Orkla ASA: REC - Disclosure of significant holding and primary insider notice
(Thomson Reuters ONE) -
Reference is made to the stock exchange notice on 30 April 2013 regarding a
contemplated private placement of up to 329,569,968 existing shares in Renewable
Energy Corporation ASA ("REC") by Orkla ASA ("Orkla") (the "Private Placement").
The book-building in the Private Placement has been successfully completed, and
Orkla has today sold 329,569,968 shares in REC, representing 15.6 percent of the
total outstanding share capital of REC, at NOK 1.59 per share. Following the
sale, Orkla holds no shares in REC. As a result of the sale, Orkla will book a
gain of approx. NOK 158 million in Q2.
As a consequence of the transaction Orkla has passed the thresholds of 15, 10
and 5 percent of the outstanding share capital, cf. the Securities Trading Act
section 4-3 first paragraph.
SEB and DNB Markets have acted as joint-lead managers and book-runners for the
Private Placement.
Orkla is considered as primary insider in REC.
Orkla ASA,
Oslo, 30 April 2013
For further information, please contact:
Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11/ +47 97 71 32 50
Håkon Mageli, Executive Vice President, Communication and Corporate Affairs
Tel: +47 928 45 828
This information is subject of the disclosure requirements pursuant to section
5-12 of the 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: Orkla ASA via Thomson Reuters ONE
[HUG#1698277]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2013 - 23:29 Uhr
Sprache: Deutsch
News-ID 254825
Anzahl Zeichen: 2055
contact information:
Town:
Oslo
Kategorie:
Business News
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