REC Silicon (RECSI)

[TekBot]

30/04-2019 15:00:13: (REC) REC Silicon - Invitation to the first quarter 2019 results

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Fornebu, Norway - April 30 2019: REC Silicon ASA (REC Silicon) will release its Q1 2019 results on Thursday, May 9, 2019 at 07:00 a.m. Central European Summer Time (CEST).

A presentation of the results will be held at 08:00 a.m. CEST at Hotel Continental, Stortingsgata 24/26, Oslo, Norway.

The presentation will be in English.
A live webcast from the presentation can be accessed at www.recsilicon.com or with the following link:
https://webtv.hegnar.no/presentation.php?webcastId=97815703

It will also be possible to listen to the presentation through a conference call. To join this event, use one of the following access numbers. Please make sure to dial in 5-10 minutes prior to the scheduled start time.

Norway Dial-in (Tollfree/Freephone): 800 51 084
Norway, Oslo (Dial-in Local): +47 2100 2610
United Kingdom (Dial-in Tollfree/Freephone): 0800 358 6377
United Kingdom (Dial-in Local): +44 (0) 330 336 9125
United States (Dial-in Local): +1 929 477 0324
United States/Canada (Dial-in Tollfree/Freephone): 800 458 4121
Other international: +44 (0) 330 336 9125

Participant Passcode: 5632920

For further information, please contact:
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 over 30 years of experience and proprietary technology with the needs of our customers, and 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 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190430.GlobeNewswire.HUG2242998

[sulzrox]

Ferdig med emisjon

[TekBot]

09/05-2019 06:55:20: (REC) REC Silicon - First quarter 2019 results

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Fornebu, Norway - May 9, 2019: REC Silicon ASA (REC Silicon) reported first quarter 2019 revenues of USD 45.0 million, compared to USD 48.9 million in the fourth quarter of 2018. EBITDA for the first quarter of 2019 was USD 4.7 million and included the impact of implementing IFRS 16 regarding leases which resulted in a USD 3.4 million smaller EBITDA loss for the quarter.

REC Silicon reported a cash balance of USD 25.4 million on March 31, 2019. This represents a decrease of USD 6.4 million compared to the cash balance on December 31, 2018. Cash outflows from operations was USD 3.5 million for the quarter which included interest of USD 0.7 million associated with leases. Cash outflows from financing activities consisted of USD 2.8 million payments of lease liabilities.

Polysilicon sales volume for the quarter was 2,004 MT compared to 1,664 MT in the prior quarter, while inventory decreased by 496 MT.

Silicon gas sales volumes for the fourth quarter were 829 MT compared to guidance of 850 MT. Silane gas prices decreased by 3.3 percent compared to the fourth quarter 2018. Fourth quarter semiconductor polysilicon production was 285 MT compared to guidance of 290 MT.

The FBR facility in Moses Lake operated at approximately 25 percent throughout the first quarter. FBR production was 1,091 MT compared to guidance of 1,180 MT. FBR production costs were USD 13.5/kg compared to guidance of USD 12.8/kg.

President and CEO, Tore Torvund said, “First quarter results are far below our potential due to restricted access to Chinese markets. We are hopeful that REC Silicon’s access to polysilicon markets in China will be restored and we can return to 100% capacity utilization in our FBR facility.”

The Board of Directors has initiated a plan to curtail the operation of the FBR facility beginning on May 15, 2019 to reduce spending and to maintain liquidity. Unless access to polysilicon markets in China is restored, the facility will be placed in a long-term shutdown by June 30, 2019. The timing and length of the shutdown are dependent on whether REC Silicon is able to regain access to Chinese markets for polysilicon as a result of trade negotiations between China and the United States or other significant positive developments in solar grade polysilicon markets.

For more information, please see the attached first quarter 2019 report and presentation.

A presentation of the results will be held at 08:00 a.m. CEST at Hotel Continental, Stortingsgata 24/26, Oslo, Norway. The presentation will be in English.

A live webcast from the presentation can be accessed at www.recsilicon.com or with the following link: https://webtv.hegnar.no/presentation.php?webcastId=97815703

It will also be possible to listen to the presentation through a conference call. To join this event, use one of the following access numbers. Please make sure to dial in 5-10 minutes prior to the scheduled start time.

 

Norway Dial-in (Tollfree/Freephone): 800 51 084
Norway, Oslo (Dial-in Local): +47 2100 2610
United Kingdom (Dial-in Tollfree/Freephone): 0800 358 6377
United Kingdom (Dial-in Local): +44 (0) 330 336 9125
United States (Dial-in Local): +1 929 477 0324
United States/Canada (Dial-in Tollfree/Freephone): 800 458 4121
Other international: +44 (0) 330 336 9125

Participant Passcode: 5632920

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 over 30 years of experience and proprietary technology with the needs of our customers, and 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 of the Norwegian Securities Trading Act.

REC Silicon Q1 2019 presentation
REC Silicon Q1 2019 report

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190509.GlobeNewswire.HUG2243878

[TekBot]

09/05-2019 19:40:15: (REC) REC Silicon - Minutes from Annual General Meeting 2019

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Fornebu, Norway - May 9, 2019: The Annual General Meeting of the shareholders of REC Silicon ASA (REC Silicon) was held on May 9, 2019 at 16:00 CET.

The minutes from the Annual General Meeting recording the resolutions made are enclosed hereto and are also available on REC Silicon’s website www.recsilicon.com.

963,319,505 shares were represented at the general meeting. This includes 253,780,694 shares represented by proxy. Thus, approximately 37.87% of the Company’s total share were represented at the Annual General Meeting.

Further to the Notice of the Annual General Meeting issued on April 12, 2019, the Annual General Meeting approved, as follows from the minutes, all resolutions as proposed by the Board.

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 of the Norwegian Securities Trading Act.

REC Silicon Minutes from AGM 2019
REC Silicon AGM 2019 presentation

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190509.GlobeNewswire.HUG2244025

[TekBot]

14/05-2019 16:12:48: (REC) REC Silicon - New share capital registered

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Reference is made to the May 9 2019 announcement from REC Silicon ASA (“REC”) of the minutes from the Annual General Meeting (the “AGM”) of REC held on the same date.

The new share capital reflecting the issue of the 25,438,187 new A-shares approved at the AGM has now been registered in the Norwegian Register of Business Enterprises. The Company’s new share capital is NOK 2,569,256,972, consisting of 2,543,818,785 ordinary shares and 25,438,187 class A-shares, all of NOK 1 par value. Upon the completion of the share capital reduction approved at the AGM, expected in late June 2019, each class A share will be split into 10 ordinary shares.

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 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190514.GlobeNewswire.HUG2244378

[kaei]

Topp eier var ute å prøvdte å hype denne litt i sist pengepodd interessant

[H.L]

Ser fortsatt verdier i Butte, men ML kommer nok til å legges ned

[Wolf]

ML legges neppe ned. Men vil bli stengt midlertidig i påvente av løsning på handelskrig eller bedret marked - tror selv på snarlig løsning på handelskrig da begge parter har for mye å tape på en fortsettelse. Det ligger potensielt enorme verdier i begge fabrikker i fremtiden.

[RedBull]

Her spørst det om da blir kursrally på mandag. Eg har ivertfall tatt eit bet på at handelskonflikten løyser seg

[VonGraven]

Jeg gjør det motsatte, venter til den stuper - Så stikker jeg på kjempesalg! REC er mer enn Moses Lake

[TekBot]

03/07-2019 12:25:09: (REC) REC Silicon - Completion of share capital reduction, conversion of Class A shares, new share capital

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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Fornebu, Norway 3 July 2019: Reference is made to the resolution by the annual general meeting of REC Silicon ASA on 9 May 2019, whereby it was i.a. resolved to reduce the share capital through reduction of par value and to issue 25,438,187 new Class A shares to Umoe AS, the Class A shares being convertible to 254,381,870 ordinary shares upon completion of the share capital reduction.

The share capital reduction and the conversion of the Class A Shares are now completed and registered with the Norwegian Register of Business Enterprises. Consequently, the new share capital of the Company is NOK 279,820,065.50 divided on 2,798,200,655 ordinary shares, each with a par value of NOK 0.10. Umoe AS owns 642,221,509 shares in REC Silicon ASA, approx. 23% of the outstanding shares and votes.

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 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

03/07-2019 15:10:08: (REC) Nytt pålydende 04.07.2019

Det vises til melding fra selskapet den 03.07.2019. Aksjene i REC Silicon ASA
noteres med nytt pålydende fra og med i morgen,04.07.2019, på Oslo Børs.
Ny - Pålydende: NOK 0,10
…

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Kilde

[TekBot]

REC Silicon - Share capital increase registered, reverse split to be effectuated

Fornebu, Norway 9 July 2019. Reference is made to the resolution by the annual
general meeting of REC Silicon ASA on 9 May 2019, whereby it was resolved to
issue 5 new shares to Umoe AS at a subscription price equal to par value. The
…

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issuance of 5 new shares has been registered with the Norwegian Register of
Business Enterprises. Following registration, the share capital of REC Silicon
ASA is NOK 279,820,066 divided on 2,798,200,660 shares, each with a par value of
NOK 0.10. Each share represents one vote in the company’s general meeting. After
issuance of the new shares, Umoe AS owns 642,221,514 shares in REC Silicon ASA.

The share capital increase is made to facilitate the reverse share split
resolved by the extraordinary general meeting on 9 May 2019. Pursuant to the
general meeting’s resolution, the Company’s shares shall be combined in a ratio
of 10:1, whereby 10 old shares will give 1 new share. The company will move
forward with implementation of the reverse split and issue a separate
announcement regarding time of implementation and other key information, in
accordance with the Continuing Obligations of the Oslo Stock Exchange.

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

?

Kilde

[TekBot]

REC Silicon - Key information relating to the reverse share split to be carried out by REC Silicon ASA

Fornebu, Norway 9 July 2019. Reference is made to the resolution by the annual
general meeting of REC Silicon ASA on 9 May 2019 which included the resolution
of a reverse share split with a ratio of 10:1. The Company has resolved that the
…

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reverse split shall be implemented based on the key dates set out below:

Date on which the corporate action was made public: 12 April 2019
Reverse split ratio: 10 old shares give 1 new share
Last day including right: 11 July 2019
Ex-date: 12 July 2019
Record date: 15 July 2019
Date of approval: 9 May 2019

Following completion of the share consolidation, the Company will have
279,820,066 shares in issue, each with a nominal value of NOK 1.

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

Kilde

[TekBot]

Ex spleis og nytt pålydende / Ex reverse split and new face value 12.07.2019

Det vises til melding fra selskapet 09.07.2019.
Aksjene i REC Silicon ASA noteres ex spleis og
nytt pålydende fra og med 12.07.2019.
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Forhold: 10 gamle aksjer gir 1 ny aksje.

Reference is made to announcement from the company
09.07.2019. The shares in REC Silicon ASA will be traded ex
reverse split and new face value as from 12.07.2019.
Ratio: 10 old shares give 1 new share.

REC:
Ny / New - Pålydende/ Face value: NOK 1.00
Ny / New - EMS: 2000
Ingen endring / No change - ISIN: NO0010112675
Ingen endring / No change - Tick Size Tabell: OBEQ_PT_600
Ingen endring / No change - Instrument ID: 61696
Ingen endring / No change – Handelsvaluta / Trading Currency: NOK
Ingen endring / No change - Segment: OBMA

*Mrk: Eventuelle overnattende ordre vil bli slettet av Oslo Børs etter 16:45
*Note: Any overnight orders will be deleted by the Exchange after 16:45

Kilde

[TekBot]

REC Silicon – US -and China’s Long-Standing Trade Dispute Force Further Lay-Offs

Moses Lake, WA, July 15th 2019: REC Silicon ASA (REC Silicon) previously
announced that its FBR facility in Moses Lake, Washington would be placed in a
long-term shutdown by July 15, 2019 if its access to polysilicon markets in
…

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China was not restored by that date. Although recent talks between the
Government of the United States (USG) and the Government of China at the G20
summit in Osaka in late June 2019 have resulted in a resumption of trade
negotiations between the governments, the governments have not agreed on or
imposed a deadline for a resolution and there is no certainty yet as to the date
by which REC Silicon’s access to the China market will be restored. Accordingly,
REC Silicon has executed a reduction in its workforce in Moses Lake, Washington
by approximately 100 employees.

The remaining workforce in Moses Lake will allow REC Silicon to restart its FBR
facility if further trade negotiations result in a re-opening of polysilicon
markets in China. REC Silicon’s facility in Butte, Montana is not affected by
the workforce reduction executed this week. Restructuring costs associated with
the workforce reduction this week remain near estimates previously provided by
REC Silicon.

REC Silicon is grateful to the USG, specifically U.S. Trade Representative
Ambassador Lighthizer and his team, for prioritizing the interests of the U.S.
polysilicon industry in its on-going trade discussions with China. REC Silicon,
however, urges the USG to include polysilicon on the list of products to be
purchased by the Government of China in the short-run while the negotiations
continue and to continue to push for restoration of open, fair, and unrestricted
access for sales of U.S. polysilicon in the Chinese market. If REC Silicon is
able to regain access to the Chinese polysilicon market in the near term, it
will re-hire its highly skilled employees and re-start manufacturing
immediately, ensuring that the United States retains its capabilities to produce
this critical input to technologies of strategic importance to U.S. defense and
commercial interests.

For further information, please contact:

Francine Sullivan, Vice President Business Development
Phone: +1 509 750 1133
Email: Francine.sullivan@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

Kilde

[TekBot]

REC Silicon - Invitation to the second quarter 2019 results

REC Silicon ASA (REC Silicon) will release its Q2 2019 results on Thursday, July
25, 2019 at 07:00 a.m. Central European Summer Time (CEST).

…

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A presentation of the results will be held at 08:00 a.m. CEST at Hotel
Continental, Stortingsgata 24/26, Oslo, Norway.

The presentation will be in English.

A live webcast from the presentation can be accessed at www.recsilicon.com or
with the following link:
https://webtv.hegnar.no/presentation.php?webcastId=98041401

It will also be possible to listen to the presentation through a conference
call. To join this event, use one of the following access numbers. Please make
sure to dial in 5-10 minutes prior to the scheduled start time.

Norway Dial-in (Tollfree/Freephone): 800 17 945
Norway, Oslo (Dial-in Local): +47 2350 0296
United Kingdom (Dial-in Tollfree/Freephone): 0800 279 7204
United Kingdom (Dial-in Local): +44 (0) 330 336 9411
United States (Dial-in Local): +1 929 477 0324
United States/Canada (Dial-in Tollfree/Freephone): 800 458 4121
Other international: +44 (0) 330 336 9411

Participant Passcode: 6387499

For further information, please contact:
Nils O. Kjerstad, IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no (mailto: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 over 30 years of experience and proprietary technology
with the needs of our customers, and 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 (http://www.recsilicon.com)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

REC Silicon - Second quarter 2019 results

Fornebu, Norway - July 25, 2019: REC Silicon ASA (REC Silicon) reported second
quarter 2019 revenues of USD 47.0 million. EBITDA for the second quarter of
2019 was USD 0.5 million compared to an EBITDA loss of USD 4.7 million in the
…

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first quarter of 2019. The increase in EBITDA was primarily due to lower
electricity costs for the semiconductor materials manufacturing facility in
Butte, Montana.

REC Silicon reported a cash balance of USD 38.4 million on June 30, 2019. This
represents an increase of USD 13.0 million compared to the cash balance on March
31, 2019. Cash outflows from operations was USD 4.0 million for the quarter
which included interest of USD 7.6 million and payments of USD 3.1 million
associated with the agreement to resolve REC Silicon’s obligation to make
additional equity contributions to the Yulin JV. In addition, the Company
received a USD 2.7 million refund of taxes in the United States and is reporting
a reduction of USD 3.2 million in net working capital invested. Cash inflows
from financing activities were USD 17.1 which consisted of USD 19.1 million from
the private placement of equity which was settled on May 14, 2019 offset by USD
1.9 million payments of lease liabilities.

Polysilicon sales volume for the quarter was 2,090 MT compared to 2,004 MT in
the prior quarter, while inventory decreased by 1,110 MT.

Production in the FBR facility in Moses Lake, Washington was shuttered on May
15, 2019 due to restricted access to Chinese polysilicon markets. As a result,
FBR production was 980MT during the quarter and FBR production costs were USD
18.5/kg. The Company expects production in the FBR facility in Moses Lake will
be zero during the third and the fourth quarters of 2019. Inventories of
finished granular polysilicon declined by 1,059MT during the quarter resulting
in remaining inventories of 1,435MT at June 30, 2019 which is expected to be
sold during the second half of 2019.

Silicon gas sales volumes for the second quarter were 834 MT compared to
guidance of 960 MT. Silane gas prices increased by 3.0 percent compared to the
first quarter 2019 due to lower sales volumes into PV applications resulting in
a lower overall average price. Second quarter semiconductor polysilicon
production was 216 MT compared to guidance of 220 MT.

President and CEO Tore Torvund said, “Unfortunately, we have been forced to
shut-down the FBR facility due to restricted access to Chinese markets. We
continue to be hopeful that negotiations between the United States and China
result in the restoration of REC Silicon’s access to polysilicon markets in
China and we can restart production in the FBR facility.”

On July 15, 2019 the Company announced a work force reduction at its Moses Lake,
Washington production facility to reduce spending and to maintain liquidity. The
facility will not be restarted until access to polysilicon markets in China is
restored or other significant positive developments in solar grade polysilicon
markets occurs.

For more information, please see the attached first quarter 2019 report and
presentation.

A presentation of the results will be held at 08:00 a.m. CEST at Hotel
Continental, Stortingsgata 24/26, Oslo, Norway. The presentation will be in
English.

A live webcast from the presentation can be accessed at www.recsilicon.com or
with the following link:
https://webtv.hegnar.no/presentation.php?webcastId=98041401

It will also be possible to listen to the presentation through a conference
call. To join this event, use one of the following access numbers. Please make
sure to dial in 5-10 minutes prior to the scheduled start time.

Norway Dial-in (Tollfree/Freephone): 800 17 945
Norway, Oslo (Dial-in Local): +47 2350 0296
United Kingdom (Dial-in Tollfree/Freephone): 0800 279 7204
United Kingdom (Dial-in Local): +44 (0) 330 336 9411
United States (Dial-in Local): +1 929 477 0324
United States/Canada (Dial-in Tollfree/Freephone): 800 458 4121
Other international: +44 (0) 330 336 9411

Participant Passcode: 6387499

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 over 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 of the Norwegian Securities Trading Act.

Kilde

[strongbuy]

Sitter du fortsatt i rec Kronn?

[Kronn]

Ut på sl, eg har hatt en møkka dag på trading idag