Orkla ASA, which is represented at the board of REC,
has today subscribed for 132,078,878 shares in the
rights issue in REC at a subscription price of NOK
12.10 per share. As set out in the notification
published earlier today, Orkla ASA has received all
shares and subscription rights in REC held by Elkem
AS. The subscription involves that Orkla ASA
subscribes for all subscription rights allotted to
Orkla ASA and Elkem AS. At completion of the rights
issue Orkla ASA will own 396,236,635 shares, and
accordingly maintain its ownership interest in REC of
approximately 39.73 %.
The subscription has been made on certain conditions
as described in the prospectus.
Orkla ASA,
Oslo, 6 May 2010
Reference:
Rune Helland, SVP Orkla Investor Relations,
Tel.: +4722 544411
Siv Merethe Skorpen Brekke, Orkla Investor Relations,
Tel.: +4722 544455
