Fornebu, 22 July 2015, Reference is made to the stock exchange notice published by REC Silicon ASA (the "Company", ticker "REC") on 16 July 2015 regarding the result of the private placement of 230,000,000 new shares, each with a par value of NOK 1.00, at a price of NOK 1.55 per share (the "Private Placement").
The share capital increase pertaining to the 230,000,000 new shares issued in the Private Placement has now been registered with the Norwegian Register of Business Enterprises.
The Company's new registered share capital is NOK 2,543,818,785.00 corresponding to a total of 2,543,818,785 shares with a nominal value of NOK 1.00 per share.
For further information, please contact:
Phone: +1 509 793 8127
Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
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
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The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. The Company 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 Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions.