REC ASA - Primary insider transaction>
REC ASA - Primary insider transaction
(Thomson Reuters ONE) - Sandvika, July 10, 2009; With reference to the ongoing rights issueannounced on May 19, 2009, the following primary insider transactionwill be undertaken:Primary insider Tore Schiøtz (Board member in REC ASA) has subscribedto86 206 new shares according to all the subscription rights received.After this transaction, Mr. Schiøtz and related parties hold 336 206shares in REC.Primary insider Jon Einar Kristensen (Deputy employee electedrepresentative to the Board) has sold his 413 subscription rights ata price of NOK 17.90 per subscription right. After this transaction,Mr. Kristiansen and related parties hold 1200 shares in the company.The allotment of potential oversubscription by primary insiders willbe done on or about July 17, 2009, and will subsequently beannounced.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: 10.07.2009 - 09:45 Uhr
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