|Bid||4.5300 x 2100000|
|Ask||4.5400 x 1240000|
|Day's Range||4.4900 - 4.5580|
|52 Week Range||4.1300 - 9.0000|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.10|
Fornebu, Norway – July 25, 2019: REC Silicon ASA (REC Silicon) reported second quarter 2019 revenues of USD 47.0 million. EBITDA for the second quarter of 2019 was USD 0.5.
REC Silicon ASA (REC Silicon) will release its Q2 2019 results on Thursday, July 25, 2019 at 07:00 a.m. Central European Summer Time (CEST). A presentation of the results will.
Moses Lake, WA, July 15th 2019: REC Silicon ASA (REC Silicon) previously announced that its FBR facility in Moses Lake, Washington would be placed in a long-term shutdown by July 15, 2019 if its access to polysilicon markets in China was not restored by that date. Although recent talks between the Government of the United States (USG) and the Government of China at the G20 summit in Osaka in late June 2019 have resulted in a resumption of trade negotiations between the governments, the governments have not agreed on or imposed a deadline for a resolution and there is no certainty yet as to the date by which REC Silicon’s access to the China market will be restored.
Fornebu, Norway 9 July 2019. Reference is made to the resolution by the annual general meeting of REC Silicon ASA on 9 May 2019 which included the resolution of a reverse share.
Reference is made to the resolution by the annual general meeting of REC Silicon ASA on 9 May 2019, whereby it was resolved to issue 5 new shares to Umoe AS at a subscription price equal to par value. The issuance of 5 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of REC Silicon ASA is NOK 279,820,066 divided on 2,798,200,660 shares, each with a par value of NOK 0.10.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Fornebu, Norway 3 July 2019: Reference is made to.
June 13, 2019: REC Silicon ASA previously announced that the FBR facility in Moses Lake, Washington would be placed in a long-term shutdown by June 30, 2019 if access to polysilicon markets in China was not restored. The Company`s Board of Directors has decided to delay placing the FBR facility in a long-term shutdown until July 15, 2019.
The Company has decided not to initiate the Subsequent Offering. Since the approval of the Private Placement and the authorization of the board to carry out the Subsequent Offering at the May 9 2019 shareholder meeting, the Company`s shares have continuously traded on the Oslo Stock Exchange, with sufficient trading volume, at prices below subscription price of the contemplated Subsequent Offering.
Reference is made to the May 9 2019 announcement from REC Silicon ASA ("REC") of the minutes from the Annual General Meeting (the "AGM") of REC held on the same date. The new share capital reflecting the issue of the 25,438,187 new A-shares approved at the AGM has now been registered in the Norwegian Register of Business Enterprises. The Company`s new share capital is NOK 2,569,256,972, consisting of 2,543,818,785 ordinary shares and 25,438,187 class A-shares, all of NOK 1 par value.
Fornebu, Norway - May 9, 2019: The Annual General Meeting of the shareholders of REC Silicon ASA (REC Silicon) was held on May 9, 2019 at 16:00 CET. The minutes from the Annual General Meeting recording ...
Fornebu, Norway - May 9, 2019: REC Silicon ASA (REC Silicon) reported first quarter 2019 revenues of USD 45.0 million, compared to USD 48.9 million in the fourth quarter of 2018. EBITDA for the first quarter ...
Fornebu, Norway - April 30 2019: REC Silicon ASA (REC Silicon) will release its Q1 2019 results on Thursday, May 9, 2019 at 07:00 a.m. Central European Summer Time (CEST). A presentation of the results ...
This is a correction of the announcement from 15:15 12.04.2019 CEST. Reason for the correction: Changed date and venue for AGM. Fornebu, Norway - April 12, 2019: Notice is hereby given that the Annual ...
Fornebu, Norway - April 12, 2019: Notice is hereby given that the Annual General Meeting of REC Silicon ASA (REC) will be held at Høyres Hus, Stortingsgaten 20, Oslo, Norway on April 26, 2018 at 16.00 ...
Fornebu, Norway - April 12, 2019: REC Silicon ASA (REC Silicon) has published its Annual Report for 2018. The Annual Report is attached hereto. The report is also available for download on REC Silicon`s ...
Fornebu, Norway - 10 April 2019: Reference is made to the notification published 9 April 2019 at 22:51:37 CET (the "Notification") regarding the successful completion of a private placement (the "Private Placement") in REC Silicon ASA ("REC" or the "Company"). This is a clarification regarding the information in the Notification on Umoe AS` shareholding following the Private Placement and the other share capital transactions (save for the contemplated subsequent offering).
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Date on which the terms and conditions of the potential repair issue were announced 9 April 2019.
April 9, 2019: Reference is made to the stock exchange release from REC Silicon ASA ("REC" or the "Company") published on April 9, 2019 regarding a contemplated private placement. The Company is pleased to announce that it has raised approximately NOK 170 million in gross proceeds through a private placement (the "Private Placement") of 254,381,870 offer shares (the "Offer Shares"), at a price per share of NOK 0.67 (the "Subscription Price"). The Private Placement took place, and the Subscription Price has been set, through an accelerated bookbuilding process managed by Sparebank 1 Markets as sole manager after close of markets on April 9, 2019.
April 9, 2019: REC Silicon ASA (the "Company" or "REC") has retained SpareBank 1 Markets AS (the "Manager") to advise on and effect an undocumented private placement of new shares directed towards Norwegian and international investors after the close of Oslo Stock Exchange today (the "Private Placement"). In the Private Placement, the Company is offering up to 254,381,870 new shares, representing approximately 9.9% of the outstanding capital of the Company. The price in the Private Placement will be determined through an accelerated bookbuilding process.
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March 5, 2019: With reference to the news release on February 12, 2019, following a decision by REC Silicon ASA`s (REC Silicon) Board of Directors, REC Silicon will continue to operate its FBR facility in Moses Lake, Washington at approximately 25 percent of the facility`s capacity until further notice. The Board`s decision is subject to gaining further clarity on whether trade negotiations between the Governments of the United States and China are likely to result in REC regaining access to the China market for solar grade polysilicon and the overall outlook for the polysilicon market. REC Silicon is grateful to and thanks the Government of the United States (USG), specifically President Trump and U.S. Trade Representative Ambassador Lighthizer and his team, for prioritizing the interests of high technology, innovative manufacturers like the U.S. polysilicon industry and its highly skilled workers in its on-going trade discussions with China.