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Renewable Energy Corp ASA Announces Results of Secondary Sale of Company Shares by Orkla ASA


Tuesday, 30 Apr 2013 05:21pm EDT 

Renewable Energy Corp ASA (REC) announced that the book-building in the Private Placement has been successfully completed, and Orkla ASA sold on April 30, 2013, a total of 329,569,968 shares in REC, representing 15.6% of the total outstanding share capital of REC, at NOK 1.59 per share. Following the sale, Orkla holds no shares in REC. As a result of the sale, Orkla will book a gain of approximately NOK 158 million in the second quarter. SEB and DNB Markets have acted as joint-lead managers and book-runners for the Private Placement. 

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16 Apr 2014