REC Silicon ASA

05/10/2022 | Press release | Distributed by Public on 05/09/2022 23:53

REC Silicon - Mandatory notification of trade

REC Silicon - Mandatory notification of trade

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10 May 2022 07:48 CEST

Company Name

REC SILICON, REC Silicon ASA 18/23 11,50% USD C

ISN

NO0010112675, NO0010820590

Market

Oslo Børs

Symbol

RECSI

Reference is made to the stock exchange notice by Aker Horizons ASA on 10 May
2022 regarding the completion of the agreement between Aker Horizons Holding AS
("AHH") (a wholly owned subsidiary of Aker Horizons ASA) and South Korea's
Hanwha Solutions Corporation and Hanwha Corporation (jointly, "Hanwha") where
AHH has agreed to sell all of its 70,104,276 shares in REC Silicon ASA (the
"Company") to Hanwha, each at a price of NOK 20.00 per share (the
"Transaction").

As a result of the Transaction, primary notification pursuant to the Market
Abuse Regulation article 19 for AHH as a person closely related to the Company's
chairman Kristian Monsen Røkke is attached. As a result of the Transaction,
Kristian Røkke is also stepping down as the Company's chairman.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities
Trading Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

561632_Attachment to PDMR notification_Aker Horizons.pdf

Source

REC Silicon ASA

Provider

Oslo Børs Newspoint