Ankündigung • Apr 27
REC Silicon ASA, Annual General Meeting, Jun 30, 2026 REC Silicon ASA, Annual General Meeting, Jun 30, 2026. Ankündigung • Apr 08
REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million. REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,078,000,000
Price\Range: NOK 0.2385
Transaction Features: Rights Offering Ankündigung • Feb 10
REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million. REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,078,000,000
Price\Range: NOK 0.2385
Discount Per Security: NOK 0.016695
Transaction Features: Rights Offering Ankündigung • Jun 25
Rec Silicon ASA Approves Appointment of New Board REC Silicon ASA at its AGM held on June 25, 2025, approved the appointment of new board consists of John Adams (chair), Karina Fossmark, Jane Power, Jens Ulltveit-Moe and Mike Kerschen. Ankündigung • May 23
Water Street Capital Issues Open Letter to Shareholders of REC Silicon On May 23, 2025, Water Street Capital, Inc announced that it has issued a letter to REC Silicon ASA's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation, REC Silicon's largest shareholder, to purchase all shares of the Company. Water Street stated that it intends to call an Extraordinary General Meeting to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility and expressed its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting. Ankündigung • Apr 28
Hanwha Group Intends to Delist REC Silicon ASA Hanwha Group has reached a rescue deal to fully acquire troubled Norwegian silicon materials REC Silicon ASA via an offer valuing the target company at NOK 925 million (USD 88.7m/EUR 78.1m). Following the transaction, Hanwha intends to delist the firm. The offer is subject to an acceptance level allowing the bidder to secure over 90% of REC. Ankündigung • Apr 25
Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million. Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million on April 24, 2025. A cash consideration valued at NOK 2.2 per share will be paid by Hanwha Solutions Corporation and Hanwha Corporation. The Offeror has received pre-commitments to accept the Offer from Hanwha Corporation and Hanwha Solutions Corporation, who together hold Shares representing approximately 33.33% of the Shares as at the date of this announcement. The Offer will be subject to conditions, including but not limited to the Offer being accepted to such extent that the Offeror becomes the owner of Shares representing more than 90% of the Shares and voting rights in the Company. If as a result of the Offer, the Offeror acquires and holds more than 90% of all Shares representing more than 90% of the voting rights in the Company, the Offeror will have the right and intends to carry out a compulsory acquisition of the remaining Shares. Also, if, as a result of the Offer or otherwise, the Offeror holds a sufficient majority of the Shares, the Offeror intends to propose that the general meeting of the Company passes a resolution to apply to de-list the Shares from the Oslo Stock Exchange. The Offer will be financed by liquidity resources available to the Offeror. The Offer is not subject to any conditions as to financing or due diligence. The Board of REC Silicon has unanimously resolved that it recommends the Shareholders to accept the Offer. The Board believes the terms of the Offer are in the best interests of the Company and the Shareholders as a whole based on an assessment of various factors, including but not limited. The Offeror's obligation to launch the Offer is subject to the following conditions, which are for the sole benefit of the Offeror and may be waived, in whole or in part, by the Offeror: (i) The Pre-Acceptances remain valid and in full force; (ii) No breach of the Transaction Agreement; and (iii) That the conditions for completion of the Offer (the "Closing Conditions") shall not have been made impossible to satisfy and the Closing Conditions (ii) to (viii) below shall remain fulfilled at all times. The initial offer period in the Offer will commence following publication of the Offer Document and is expected to last for 20 business days (the "Offer Period"), subject to any extensions by the Offeror (one or more times and at its sole discretion) up to a maximum offer period of up to 10 weeks.
DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving agent and Advokatfirmaet Wiersholm AS is acting as legal advisor to the Offeror. Arctic Securities AS is acting as financial advisor and Advokatfirmaet Schjødt AS is acting as legal advisor to the Company. In making its recommendation, the Board has received a fairness opinion from Arctic Securities AS, as an independent third party, concluding that the Offer is fair from a financial point of view. Ankündigung • Jan 02
REC Silicon ASA Ceasing of Production at Moses Lake, Washington Facility and Transitioning to Pure-Play Silicon Gas Producer REC Silicon ASA announced that it is ceasing production at its Moses Lake, Washington facility. Production of polysilicon will be discontinued at the Moses Lake facility, while equipment involved in production of silicon gases will be maintained in a safe and recoverable mode that incurs minimal interim costs, allowing the unit to restart with reasonable notice. This will give the Company the flexibility to capitalize on future customer demand for Silicon Anode or other gases while minimizing near-term operational costs. This announcement follows the Company's decision to shut down polysilicon production at its Butte, Montana facility in February 2024. Once the shutdown process at the Moses Lake facility is complete, REC Silicon will have completely discontinued the production of polysilicon at both facilities. Moving forward, REC Silicon will focus its business efforts on silicon gases where the Company has clear strength, market positioning, and product differentiation. The Company is prioritizing driving costs out of its silicon gas assets and optimizing production, with a goal to return to profitability. Production Issues at the Moses Lake Facility: The shutdown of the Moses Lake facility follows numerous, previously disclosed efforts to improve the level of some key impurities that resulted primarily from the post-reactor product finishing and handling systems. Initiatives included changing contact materials, procedures, operating conditions and parameters, passivation measures and bypassing equipment; and bringing in third-party resources to assist in evaluating and mitigating the situation. However, the Company was unsuccessful in its attempts to fully rectify the issues and ultimately received an unsuccessful qualification test, as announced on December 17, 2024. After further discussion with its customer, the customer is not able to wait any longer for delivery of product that consistently meets the requirements at the correct levels and can be delivered at the needed volumes. There are currently no other customers in the USA and limited customers outside of China, all of which are not options at this time due to product quality, market and contract conditions and timing of potential need. The Company and its customer are therefore now in advanced discussions regarding the cancellation of its contract, including the elimination of any penalties and a deferral of the repayment of the initial pre-payment. The company will provide more information as it is available. REC Silicon immediately began a review of strategic options to address financial and operational challenges, including additional operational adjustments, contractual re-negotiations, financing options, and other mitigative actions. That review has yielded the following conclusions: Given the high fixed costs involved in operating the facility and uncertainty related to the timing and quantifiable success of further improvements in its product handling process, as well as the available customer base, a shutdown of the Moses Lake facility is the best way to maintain strategic optionality and financial flexibility. The Company sought additional financing options for support during this period of transition and to fund the shutdown process and the Company announced that it is in advanced discussions with its largest shareholder regarding a potential short-term loan. In keeping with its long relationships and significant continuing presence in the semiconductor materials supply chain, the company will execute the shutdown in a manner that balances the best interests of all stakeholders. The Company expects the shutdown of the Moses Lake facility to start immediately and could take about three months and that the workforce in Moses Lake, along with some other employees who support the Moses Lake business line, will be reduced accordingly. The Company will provide additional information to impacted stakeholders as it becomes available. Ankündigung • Dec 23
REC Silicon ASA, Annual General Meeting, May 08, 2025 REC Silicon ASA, Annual General Meeting, May 08, 2025. Ankündigung • May 15
REC Silicon ASA Announces Board Appointments REC Silicon ASA at its annual general meeting held on 14 May 2024, announced the following are elected as board members for a period until the annual general meeting of2025: Jooyong Chung (Deputy Chair), Vivian Bertseka and Robert Neuhauser. Ankündigung • Sep 21
REC Silicon ASA(OB:RECSI) dropped from Oslo OBX Total Return Index REC Silicon ASA has been removed from Oslo OBX Index 
