NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SWITZERLAND, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Sandvika, October 18, 2013: Reference is made to prior stock exchange announcements regarding the offering and listing on Oslo Børs, alternatively Oslo Axess, of 40 million shares in REC Solar ASA at a subscription price of NOK 20 per share.
The subscription period for the offering will end on October 18, 2013 (today) at 16.30 hours (CET).
Subscription rights allocated in the offering not used to subscribe for offer shares prior to expiry of the subscription period will have no value and will lapse without compensation to the holder. The offering is further described in the prospectus dated October 3, 2013.
The prospectus and the subscription form is available at www.recgroup.com/offering2013, www.arcticsec.no or in hard copy by contacting Arctic Securities ASA, Haakon VIIs gate 5, P.O. Box 1833 Vika, N-0123 Oslo, Norway, Tel: +47 21 01 30 40.
The subscription rights can be exercised by duly completing and delivering the subscription form, in accordance with the terms and conditions set out in the prospectus, to the following subscription office:
Arctic Securities ASA
Fax: +47 21 01 31 36
Residents of Norway with a Norwegian personal identification number can subscribe for offer shares online by accessing one of the web pages above.
Arctic Securities ASA acted as sole lead manager for the offering.
For further information, please contact Arctic Securities ASA, Haakon VIIs gate 5, Postboks 1833 Vika, N-0123 Oslo, Norge, Fax: +47 21 01 31 36, Tel: +47 21 01 30 40, E-mail: firstname.lastname@example.org.
This announcement is not an offer for sale of securities in the United States or any other country in which such offer would be unlawful or would require a prospectus, registration or other measures. The securities referred to herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. REC Solar ASA does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia, Hong Kong, Japan or Switzerland, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
REC is a leading global provider of solar electricity solutions. With nearly two decades of expertise, we offer sustainable, high-performing products, services and investment opportunities for the solar and electronics industries. Together with our partners, we create value by providing solutions that better meet the world's growing electricity needs. Our 2,200 employees worldwide generated revenues of more than NOK 7 billion in 2012, approximately EUR 1 billion or USD 1.3 billion.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)