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An update from REC Silicon ASA ( (RNWEF) ) is now available.
REC Silicon ASA has issued 113,000,457 new shares to its rights issue underwriter, Anchor AS, as payment of the underwriting fee, at the same subscription price of NOK 0.2385 per share applied in the recent fully underwritten rights issue. Following registration of this capital increase, the company’s share capital will rise to NOK 461,162,611.60, divided into 4,611,626,116 shares, modestly diluting existing shareholders but strengthening the company’s equity base and completing the financial structure of the rights offering.
The issuance of the underwriting commission shares, approved under a board authorization from an extraordinary general meeting in March 2026, marks the finalization of the rights issue process that REC Silicon has pursued to reinforce its balance sheet. Arctic Securities acted as manager and bookrunner, while Advokatfirmaet Schjødt served as legal adviser, underlining the transaction’s formal completion and providing the company with additional capital flexibility amid ongoing developments in the solar and electronics materials markets.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, specializing in high-purity silicon gases for the global solar and electronics industries. Leveraging more than four decades of experience and proprietary technology, the company serves customers worldwide from its headquarters in Lysaker and is listed on the Oslo Stock Exchange under the ticker RECSI.
Average Trading Volume: 1,647,962
Current Market Cap: NOK1.08B
Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page.