19th Feb 2026 14:07
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Reference is made to the stock exchange announcement made by REC Silicon ASA ("REC " or the "Company") on 9 February 2026 regarding the fully underwritten rights issue to raise gross proceeds of NOK 972.6 million (the "Rights Issue").
The Company hereby calls for an extraordinary general meeting to be held on 12 March 2026 at 13:00 hours (CET) to resolve on (i) a share capital reduction by reduction of the nominal value of the shares from NOK 1 to NOK 0.1, (ii) the Rights Issue, and (iii) providing the board of directors with an authorization to issue new shares as settlement of commission to the underwriter of the Rights Issue. While detailed proposals are pending, changes to the board is also on the agenda.
The notice and agenda of the extraordinary general meeting is attached to this stock exchange announcement, and will also be made available on the Company's website recsilicon.com.
Further information about digital attendance to the meeting is included in the notice.
IMPORTANT INFORMATION: This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which such action is barred or prohibited by law. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity silicon gases to the solar and electronics industries worldwide. We combine over 40 years of experience and proprietary technology with the needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the Company is headquartered in Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-19 15:07 CET.
Attachments
REC Silicon - Notice of extraordinary general meeting in connection with the rights issueREC Silicon Calling Notice EGM 12 March 2026
Related Shares:
Rec Silicon Ord