REC ASA - Primary insider transaction
(Thomson Reuters ONE) - Sandvika, July 29, 2009; With reference to the rights issue announcedon May 19, 2009, the following primary insider 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 Kristine Ryssdal (Senior Vice President - CLO) hassubscribed to 174 new shares according to all the subscription rightsreceived. In addition to rights received, Ms. Ryssdal was allocated 6shares through the allotment process. After this transaction, Ryssdaland related parties hold 685 shares and 20,454 options in REC.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.
Datum: 29.07.2009 - 13:01 Uhr
Sprache: Deutsch
News-ID 4090
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