REC ASA - Primary insider transaction>
REC ASA - Primary insider transaction
(Thomson Reuters ONE) - Sandvika, July 20, 2009; With reference to the rights issue announcedon May 19, 2009, the following primary insiders have been allocatedshares in accordance with the principles set out in the prospectusafter oversubscribing relative to the number of subscription rightsreceived in the transaction.Primary insider Tore Schiøtz (Board member in REC ASA) has subscribedto86,206 new shares according to all the subscription rights received.In addition to rights received, Mr. Schiøtz oversubscribed by a totalof 35,000 shares and was allocated 3,242 shares through the allotmentprocess. After this transaction, Mr. Schiøtz and related parties hold339,448 shares in REC.Primary insider Ole Enger (President and CEO of REC) has subscribedto 689 new shares according to all the subscription rights received.In addition to rights received, Mr. Enger oversubscribed by a totalof 7,500 shares and was allocated 25 shares through the allotmentprocess. After this transaction, Enger and related parties hold 2,714shares in REC.Primary insider John Andersen, Jr. (Executive Vice President - RECSolar & Group COO) has subscribed to 47,407 new shares according toall the subscription rights received. In addition to rights received,Mr. Andersen oversubscribed by a total of 13,973 shares and wasallocated 1,361 shares through the allotment process. After thistransaction, Andersen and related parties hold 186,251 shares and20,123 options in REC.Primary insider Bjørn Brenna (Executive Vice President & CFO) hassubscribed to 12,907 new shares according to all the subscriptionrights received. In addition to rights received, Mr. Brennaoversubscribed by a total of 9,393 shares and was allocated 482shares through the allotment process. After this transaction, Brennaand related parties hold 50,830 shares and 25,507 options in REC.Primary insider Jon André Løkke (Senior Vice President & InvestorRelation Officer) has subscribed to 31,237 new shares according toall the subscription rights received. In addition to rights received,Mr. Løkke oversubscribed by a total of 33,967 shares and wasallocated 1,237 shares through the allotment process. After thistransaction, Løkke and related parties hold 123,069 shares and 11,731options in REC.Primary insider Tore Torvund (Executive Vice President - REC Silicon)has subscribed to new 1,379 new shares according to all the rightsreceived. In addition to rights received, Mr. Torvund oversubscribedby a total of 13,621 shares and was allocated 50 shares through theallotment process. After this transaction, Torvund and relatedparties hold 5,429 shares in REC.Primary insider Erik Sauar (Senior Vice President & CTO) hassubscribed to 56,296 new shares. Further, Mr. Sauar oversubscribed bya total of 40,000 shares and was allocated 2,115 shares through theallotment process. After this transaction, Sauar and related partieshold 426,374 shares and 17,145 options in Renewable EnergyCorporation ASA.About RECREC is the leading vertically integrated player in the solar energyindustry. REC Silicon and REC Wafer are among the world's largestproducers of polysilicon and wafers for solar applications, and RECSolar is a rapidly growing manufacturer of solar cells and modules.REC Group had revenues of NOK 8,191 million and an operating profitof NOK 2,529 million in 2008. About 2,500 employees work in REC'sworldwide organization. Please also see www.recgroup.com. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PARTDIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES:This press release does not constitute or form part of an offer orsolicitation to purchase or subscribe for securities in the UnitedStates. The securities referred to herein may not be offered or soldin the United States absent registration or an exemption fromregistration as provided in the U.S. Securities Act of 1933, asamended. The Company does not intend to register any portion of theoffering of the securities in the United States or to conduct apublic offering of the securities in the United States. Copies ofthis announcement are not being made and may not be distributed orsent 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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Datum: 20.07.2009 - 07:00 Uhr
Sprache: Deutsch
News-ID 3716
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