Key Developments: REC Silicon ASA (REC.OL)

REC.OL on Oslo Stock Exchange

11:25am EDT
Price Change (% chg)

kr0.16 (+6.55%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

Latest Key Developments (Source: Significant Developments)

Rec Silicon launches new high-performance solar panels
Thursday, 25 Sep 2014 06:37am EDT 

Rec Silicon ASA:Says launches high-performance TwinPeak Series solar panels for major rooftop markets worldwide.Says production expected to begin in Q1 2015.Says new panels to be rated up to 275 watt peak (Wp), resulting in 17 percent panel efficiency.Says targets rooftops in the growing residential, commercial, and industrial markets.  Full Article

Rec Silicon targets polysilicon production of about 4,350 MT in Q2
Friday, 9 May 2014 01:02am EDT 

Rec Silicon ASA:Targets Q2 polysilicon production of about 4,350 MT.Says the increase compared to Q1 (3,979 MT) is primarily due to the extended outage in Q1 (Silane IV).During Q2 maintenance has been scheduled for Silane III.Based on conditions identified in Silane IV the Silane III outage has been extended to compensate.  Full Article

Rec Silicon proposes no dividend for FY 2013
Friday, 11 Apr 2014 12:07pm EDT 

Rec Silicon ASA:Proposes that no dividend be paid for FY 2013.Paid no dividend for FY 2012.  Full Article

Rec Silicon's subsidiaries enter joint venture partnership in China
Wednesday, 26 Feb 2014 03:14am EST 

Rec Silicon ASA:Says REC Silicon AS and REC Silicon Inc, have entered into agreements with Shaanxi Non-Ferrous Tian Hong New Energy Co. governing a joint venture partnership that will expand operations into China.REC Silicon Inc and the Chinese partner have entered into joint venture agreements for the formation of a production joint venture and a sales joint venture.REC Silicon Inc and the Chinese partner have entered into a technology transfer agreement, governing the terms under which REC Silicon Inc will transfer the exclusive, non-transferrable right to use its technology in China and Taiwan to the production joint venture.The production joint venture will construct and operate a new plant for the production of silane gas, solar and electronic grade polysilicon.The plant will be located in Yulin, the Shaanxi Province, and is expected to have capacity of 18,000 metric tons of granular polysilicon, an additional 1,000 metric tons of Siemens polysilicon, and 500 metric tons of silane gas loading.REC Silicon expects to receive upfront payments from the Chinese partner, totaling $198 million (net of taxes) in March and August.REC Silicon will contribute $244 million to acquire a 49 pct equity interest in the production joint venture.The sales joint venture will be established close to the start up of the production joint venture.The term of the sales joint venture is six years, and each party will own a 50 pct equity interest.  Full Article

REC Silicon ASA extends sales contract
Tuesday, 3 Dec 2013 02:40am EST 

REC Silicon ASA:Says it has entered into an amendment to extend a sales contract for delivery of high purity electronic grade polysilicon from the Butte facility.Delivery under the extended two year contract will start in the beginning of 2014, and has an estimated value of $70 mln.  Full Article

REC Silicon ASA has Jens Ulltveit-Moe as Chairman
Friday, 29 Nov 2013 07:39am EST 

REC Silicon ASA:Says Jens Ulltveit-Moe was appointed to the company's Board of Directors.He replaces Mimi Berdal as Chairman.  Full Article

Umoe AS Increases Stake in REC Silicon ASA
Wednesday, 30 Oct 2013 08:15am EDT 

REC Silicon ASA (REC) announced that Umoe AS has acquired 80 million shares in the Company at a price of NOK 3.00 per share. As a result of the transaction, Umoe holds directly a total of 438,105,052 shares in REC and controls 37,869,280 shares in the Company through forward contracts, in total corresponding to 20.58% of REC's share capital.  Full Article

Renewable Energy Corp ASA Announces Name Change To REC Silicon ASA
Thursday, 24 Oct 2013 05:24am EDT 

Renewable Energy Corporation ASA announced that at the general meeting held on September 23, 2013 the Company resolved to change the Company's name to REC Silicon ASA. The new company name is registered in the Norwegian Register of Business Enterprises.  Full Article

Renewable Energy Corp ASA Appoints Mr. Ole Enger as President & CEO and Mr. James May as CFO
Thursday, 24 Oct 2013 01:04am EDT 

Renewable Energy Corp ASA (REC) announced that the Company's President & Chief Executive Officer (CEO) Mr. Ole Enger will step down on December 1, 2013. The REC Board of Directors has appointed Mr. Tore Torvund as President & CEO, effective from December 1, 2013. Mr. Torvund is as per October 24, 2013 EVP REC Silicon. Furthermore, on December 1, Chief Financial Officer (CFO) of the Company, Mr. Kjell Christian Bjornsen, will step down. He will be replaced by Mr. James May, who as per October 24, 2013 is CFO of REC Silicon.  Full Article

Renewable Energy Corp ASA Sells Subsidiaries in REC Solar Segment to REC Solar ASA
Friday, 4 Oct 2013 02:55am EDT 

Renewable Energy Corp ASA announced that on October 1, 2013 it entered into an agreement for the sale of subsidiaries in the business segment REC Solar to the newly established REC Solar ASA (together with the subsidiaries referred to as REC Solar). The sale is contingent on, and will be completed following an initial public offering of REC Solar ASA. The share issue in REC Solar ASA is fully underwritten. REC will not own any shares of REC Solar ASA after the initial public offering.  Full Article

BRIEF-Pål Elstad appointed CFO at Nordic Semiconductor

Aug 4 - Nordic Semiconductor ASA : * New CFO at Nordic Semiconductor ASA * Pål Elstad appointed CFO * Says Elstad commences his position no later than September 1, 2014. * Elstad was recently investor relations reposnsible at REC Silicon ASA and

Search Stocks