Completion of the Disposal of the Business of REC Solar
REC Solar announced in May 2015 that it has completed the disposal. A general meeting was held on Friday 29 May 2015 to, among other business, commence a solvent liquidation of the Company for the purposes of returning cash to shareholders. The result of such liquidation will be that the net proceeds (being the purchase price for the business plus existing cash held in REC Solar ASA less transaction costs and costs arising in REC Solar‘s ordinary course of business until the date of the liquidation) will be distributed to the Company‘s shareholders. Shareholders are expected to receive a cash payment of approximately NOK 107 per share on or around August 2015.