Energia
REC Silicon – Claims under indemnity loans
The Company has now received a claim of NOK 150 million from Nordea under the indemnification loan. The relevant bankruptcy estates have not yet been concluded, and the amount of loss suffered by Nordea as a result of the bankruptcy may therefore not be calculated at this time. According to the claim letter from Nordea, Nordea's current claim for NOK 150 million is based on an assumption from Nordea that its loss will exceed said amount when the estates are concluded.
The Company will therefore, together with its advisors, consider the claim and its basis, and revert with further information when it has reached its conclusions.
For further information, please contact:
James A. May II, Chief Financial Officer
Phone: +1 509 989 1023
Email: james.may@recsilicon.com
Nils O. Kjerstad IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no
About REC Silicon: REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine 30 years of experience and proprietary technology with the needs of our customers, with annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Fornebu, Norway.
For more information, go to: www.recsilicon.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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