Derivatives: Anticipated adjustment in Renewable Energy due to subsequent offering (47/12)


The following information is based on a press release from Renewable Energy Corporation ASA (Renewable Energy) published on June 22, 2012 and may be subject to change.

The board of directors of Renewable Energy will propose to the Extra General Meeting (EGM), scheduled to be held on July 18, 2012, to approve a subsequent offering with gross proceeds of up to NOK 300 million to the existing shareholders. The Ex-date is June 22, 2012. NASDAQ OMX Derivatives Markets will carry out a re-calculation of options, forwards and futures in Renewable Energy (RECN).

The option and forward/future contracts in Renewable Energy are suspended for trading and exercise on the ex-date, June 22, 2012.

 

For further information, please see the attached file.

 


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