Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
REC Silicon ASA ( (RNWEF) ) has issued an update.
REC Silicon ASA has secured shareholder approval for a fully underwritten rights issue of 4,078,000,000 new shares at NOK 0.2385 per share, aiming to raise gross proceeds of NOK 972.6 million, alongside a reduction in the nominal value of its share capital. The extraordinary general meeting also approved a refreshed board composition with Jong Wook Park elected as chair, and confirmed that the rights issue will be directed to eligible shareholders of record on 16 March 2026, a move that strengthens the company’s capital base and may support its strategic position in the solar and electronics materials markets.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, specialising in high-purity silicon gases supplied to the global solar and electronics industries. Leveraging more than four decades of experience and proprietary technology, the company serves customers worldwide and is listed on the Oslo Stock Exchange under the ticker RECSI.
Average Trading Volume: 847,217
Current Market Cap: NOK151.8M
Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page.