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An announcement from REC Silicon ASA ( (RNWEF) ) is now available.
REC Silicon ASA has called an extraordinary general meeting for 12 March 2026 to seek shareholder approval for a share capital reduction, cutting the nominal value of its shares from NOK 1 to NOK 0.1, and to formalize a fully underwritten rights issue aimed at raising NOK 972.6 million. The agenda also includes authorizing the board to issue new shares as commission to the underwriter and potential changes to the board, signaling a significant recapitalization effort that could strengthen the company’s balance sheet and flexibility as it pursues opportunities in the solar and electronics materials markets.
The company will provide details on digital participation for the meeting via its website, ensuring wider investor access to the decision-making process. These measures underscore REC Silicon’s attempt to secure fresh equity funding while aligning governance and capital structure with its strategic ambitions, a move that may dilute existing shareholders but is likely intended to support long-term growth and competitiveness in its niche industrial segment.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, supplying high-purity silicon gases to the global solar and electronics industries. Leveraging more than four decades of experience and proprietary technology, the company is listed on the Oslo Stock Exchange under the ticker RECSI and is headquartered in Lysaker, positioning it as a key upstream player in the clean energy and semiconductor supply chains.
Average Trading Volume: 535,172
Current Market Cap: NOK181.5M
For an in-depth examination of RNWEF stock, go to TipRanks’ Overview page.