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REC Silicon ASA ( (RNWEF) ) has shared an announcement.
REC Silicon ASA has completed a fully underwritten rights issue of 4,078,000,000 new shares, largely taken up by Anchor AS at a subscription price of NOK 0.2385 per share. The transaction significantly reshapes the company’s ownership structure by concentrating control in the hands of a single major shareholder.
Following the rights issue, Anchor AS will hold about 92.96% of REC Silicon’s shares and voting rights, rising to approximately 93.13% after issuance of commission shares. Crossing the 2/3 and 90% thresholds under the Norwegian Securities Trading Act strengthens Anchor’s control, potentially paving the way for deeper strategic influence and possible future corporate actions affecting minority investors.
More about REC Silicon ASA
REC Silicon ASA is a Norwegian producer of advanced silicon materials used in the solar and electronics industries. The company focuses on supplying high-purity polysilicon and related products to global renewable energy and semiconductor markets, serving manufacturers that depend on stable, large-scale silicon sourcing.
Average Trading Volume: 1,484,662
Current Market Cap: NOK1.2B
For a thorough assessment of RNWEF stock, go to TipRanks’ Stock Analysis page.