Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Rec Silicon ASA       NO0010112675

REC SILICON ASA
Mes dernières consult.
Most popular
Report
Real-time Quote. Real-time Tradegate - 11/24 12:12:37 pm
0.116 EUR   +0.88%
10/31 REC SILICON ASA : - Meldepliktig handel
10/31 REC SILICON : - Mandatory Notification of Trade
10/30 REC SILICON : - Third quarter 2017 Results
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Renewable Energy Corporation ASA : REC - successful completion of CB repurchase offer and private placement

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2013 | 08:13am CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Sandvika, 15 May 2013: Reference is made to Renewable Energy Company ASA's (the "Company") announcement on 14 May 2013 regarding a CB Repurchase Offer and Private Placement (as defined therein).

The acceptances received in the CB Repurchase Offer substantially exceeded the defined maximum nominal amount of EUR 160 million, and the Private Placement of up to 200 million new shares was significantly oversubscribed. The board of directors of the Company has thus resolved to complete:

  • The CB Repurchase Offer for 3,195 Convertible Bond Units with an aggregate nominal amount of EUR 159.75 million with a total cash payment of approximately NOK 779 million and issuance of REC02 and REC03 bonds for an aggregate nominal amount of NOK 426 million (NOK 213 million each); 

  • The Private Placement with issuance of 200 million new shares at a price of NOK 1.86 per share allocated to subscribers including holders of Convertible Bond Units, existing shareholders and other investors, with gross proceeds of NOK 372 million. 

The holders of Convertible Bond Units participating in the CB Repurchase Offer and subscribers participating in the Private Placement will be notified of their allocation today.

Please see attached presentation with a brief summary of the transaction and debt maturity profile pro-forma post transaction.

Arctic Securities ASA acted as financial advisor and manager of the CB Repurchase Offer and the Private Placement.

For further information, please contact:

Mikkel Tørud,
SVP Investor Relations & Business Development, REC
Telephone: +47 976 99 144
Email: [email protected]:
mailto:[email protected]

****

This press release does not constitute or form part of an offer or solicitation to sell, purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of any securities in the United States or to conduct a public offering of any securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

Certain statements contained herein that are not statements of historical fact, may constitute forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results or events concerning the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual events or results to differ from those described in forward-looking statements contained herein, there can be no assurance that the forward-looking statements will prove to be accurate as actual future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  

About REC

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.

To see more of what REC can offer, visit www.recgroup.com:
http://www.recgroup.com/

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Transaction summary:
http://hugin.info/136555/R/1701905/562136.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Renewable Energy Corporation ASA via Thomson Reuters ONE

HUG#1701905
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REC SILICON ASA
10/31 REC SILICON ASA : - Meldepliktig handel
10/31 REC SILICON : - Mandatory Notification of Trade
10/30 REC SILICON : - Third quarter 2017 Results
10/30 REC SILICON : Third quarter 2017 Results
10/25REC SILICON ASA : quaterly earnings release
10/23 REC SILICON : Invitation to REC Silicon ASA's third quarter 2017 results
10/05 REC SILICON : Cal Poly Begins Construction on 4.5 Megawatt (AC) Solar Farm
09/21 REC SILICON : China pushing to dominate solar power market
09/21 REC SILICON : Butte's REC Silicon facility lays off 30 employees
09/20 REC SILICON : ASA - Butte Efficiency Improvements and Cost Cutting Initiatives
More news
Financials ($)
Sales 2017 264 M
EBIT 2017 -123 M
Net income 2017 -230 M
Debt 2017 104 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 1,71x
EV / Sales 2018 1,51x
Capitalization 347 M
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 6
Average target price 0,13 $
Spread / Average Target -2,6%
EPS Revisions
Managers
NameTitle
Tore Torvund President & Chief Executive Officer
Jens Dag Ulltveit-Moe Chairman
James A. May Chief Financial Officer
Stein Julsrud Vice President-Research & Development
Ragnhild Marta Wiborg Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
REC SILICON ASA347
SUNGROW POWER SUPPLY CO LTD--.--%4 308
XINYI SOLAR HOLDINGS LTD9.60%2 643
NORTH ELECTRO-OPTIC CO LTD-5.33%1 604
STOBART GROUP LTD56.47%1 311
BALLARD POWER SYSTEMS INC.55.32%825