Brief: Rec Silicon With Strategic Equity Investment By Hanwha Solutions

Aker Horizons ASA

18/11/2021 07:10

Nov 18 (Reuters) - REC Silicon ASA  RECSI.OL :
    * REG-REC SILICON ASA – STRATEGIC EQUITY INVESTMENT BY HANWHA SOLUTIONS
    * REC SILICON ASA - AKER HORIZONS SHALL SELL AND HANWHA SOLUTIONS SHALL ACQUIRE 21,891,275
EXISTING SHARES IN COMPANY AT A PRICE OF NOK 20 PER SHARE
    * REC SILICON ASA - SHALL ISSUE, AND HANWHA SOLUTIONS SHALL SUBSCRIBE FOR, 48,213,001 NEW
SHARES 
AT A SUBSCRIPTION PRICE OF NOK 20 PER SHARE,
    * REC SILICON ASA - NOK 964 MILLION IN PROCEEDS IN A DIRECTED SHARE ISSUE
    * REC SILICON ASA - AKER HORIZONS AND HANWHA SOLUTIONS WILL EACH OWN APPROXIMATELY 16.67
PERCENT
OF SHARES IN REC SILICON
    * REC SILICON ASA - TRANSACTIONS ARE EXPECTED TO ENSURE THAT COMPANY HAS NECESSARY RESOURCES
TO
REOPEN ITS FBR FACILITY IN MOSES LAKE, WASHINGTON,

Source text for Eikon:  ID:nGNE5DLlF2 
Further company coverage:  RECSI.OL 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))