REC bondholders' meeting for convertible bonds - consent not obtained
ISIN: NO 0010543457 - 6.50 per cent Renewable Energy Corporation ASA Subordinated Unsecured Convertible Bond Issue 2009/2014 (the "Bond Loan")
Sandvika, July 4, 2012: The Bondholders' meeting in REC ASA's convertible bond issue held today did not approve changes to the bond loan agreement for the Bond Loan as requested by REC ASA in a summons to Bondholders' meeting dated 22 June, 2012.
REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronics industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3,200 people globally with revenues of more than NOK 13 billion in 2011. Please visit www.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)