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to-the-point: CEO buys more REC Silicon shares

The Moses Lake polysilicon factory. Source: REC Silicon. License: All Rights Reserved.

July 4 (Renewables Now) - The president and CEO of REC Silicon ASA (OSE:REC), Tore Torvund, has spent some NOK 210,450 (USD 25,900/EUR 22,277) on more shares in the polysilicon and silicon gas supplier.

Torvund has bought 300,000 shares at NOK 0.7015 apiece, thus raising the total number held by him to a bit over 1.63 million. Based on a share capital of some 2.54 million shares, his stake in the company amounts to 0.064%.

Just recently, REC Silicon announced it will cut about 100 jobs in the US because of the country's on-going solar trade dispute with China.

(NOK 1.0 = USD 0.123/EUR 0.106)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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