REC ASA: Share capital increase registered
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.).
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.