REC Silicon Annual Report 2019

57 Notes to the consolidated financial statements, REC Silicon Group REC Silicon Annual Report 2019 SHAREHOLDER INFORMATION The following shareholders held one percent or more of the total outstanding shares in REC Silicon ASA at December 31. 2019 2018 NAME OF SHAREHOLDERS NO. OF SHARES OWNERSHIP NO. OF SHARES OWNERSHIP AKER CAPITAL AS Ordinary 64,217,774 22.95% 0 0.00% VERDIPAPIRFONDET DNB TEKNOLOGI Ordinary 19,562,286 6.99% 55,514,652 2.18% CACEIS BANK Nominee 8,517,119 3.04% 14,970,049 0.59% BNP PARIBAS Nominee 6,731,327 2.41% 203,432 0.01% SKANDIA TIME GLOBAL Ordinary 6,479,671 2.32% 18,011,216 0.71% NORDNET BANK AB Nominee 2,824,391 1.01% 25,382,933 1.00% MORGAN STANLEY& CO. INTERNATIONAL Ordinary 2,328,079 0.83% 41,679,942 1.64% UBS SWITZERLAND AG Nominee 893,609 0.32% 116,367,535 4.57% UBS AG Nominee 123,927 0.04% 116,367,535 4.57% UMOE AS Ordinary 0 0.00% 583,840,870 22.95% FOLKETRYGDFONDET Ordinary 0 0.00% 105,432,618 4.14% THE BANK OF NEWYORK MELLON (US) Nominee 0 0.00% 32,373,395 1.27% The list of shareholdings above is based on the VPS shareholder register at December 31, 2019 and 2018. Actual shareholding may deviate due to the use of nominee accounts, share lending, forward contracts or other contractual arrangements. At December 31, 2019, REC Silicon ASA had 24,878 shareholders (24,553 at December 31, 2018). The total number of outstanding shares was 279,820,066 at December 31, 2019 and 2,543,818,785 at December 31, 2018, each with a par value of NOK 1. PRIVATE PLACEMENTOF EQUITY On May 14, 2019 new share capital reflecting the issue of the 25,438,187 new A-shares approved at the Company’s annual general meeting (AGM) was registered in the Norwegian Register of Business Enterprises. As of that date, the Company’s 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. SHARE CAPITAL REDUCTION On July 3, 2019 the share capital reduction and the conversion of the Class A Shares (see shareholder matters above) was 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. REVERSE SHARE SPLIT On July 9, 2019 the Company’s shares were combined in a ratio of 10:1, whereby 10 old shares were combined to give 1 new share. Subsequent to the share consolidation, the Company has 279,820,066 shares in issue, each with a nominal value of NOK 1. At the Annual General Meeting on May 9, 2019, the Board was authorized to increase the share capital with up to NOK 279,400,000, which was approximately 10 percent of the share capital at that time, through one or more increases in the share capital. The Annual General meeting also authorized the Board to acquire treasury shares in the Company (up to a maximum of ten percent of the nominal value of the existing share capital). Both authorizations were valid until the 2020 Annual General Meeting, but in any event not longer than 15months. 15