REC Silicon ASA : Notice of Treasury Bond Transaction

REC Silicon ASA- Notice of Treasury Bond Transaction

 

Fornebu, Norway - July 16, 2015:REC Silicon ASA (the "Company" or "REC") has sold or agreed to sell a nominal value of NOK 155,000,000 of REC03 held in treasury (ISIN: NO0010607476), representing 17% of the nominal amount issued, at a price of 91% of par. After the transaction, the Company holds NOK 457,500,000 of REC03 representing approximately 50% of the nominal amount issued. Furthermore, the Company has acquired or agreed to acquire a nominal value of NOK 55,000,000 of REC02 (ISIN: NO0010607484), representing approximately 8% of the nominal amount issued, at a price of 100% of par. After the transaction, the Company holds NOK 533,500,000 of REC02 representing approximately 75% of the nominal amount issued.

Arctic Securities AS and Swedbank Norge, branch of Swedbank AB (publ), acted as Managers in the transaction

For further information, please contact:
Chris Bowes
Investor Relations
Phone: +1 509 793 8127
Email: chris.bowes@recsilicon.com
 
Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no
 
About REC Silicon
REC Silicon ASA is a leading innovator of advanced silicon materials, supplying to solar and electronics industries worldwide. We utilize 30 years' experience and best-in-class proprietary technology to deliver on customer expectations. Combined, our two U.S. based plants have a 20,000 MT high-purity polysilicon capacity, and nearly 30,000 MT capacity of silicon gas.  REC Silicon is headquartered in Moses Lake, Washington and employs approximately 720 people. Listed on the Oslo Stock Exchange under the ticker: REC.
 
For more information, please visit: www.recsilicon.com
 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.