reports
REC Silicon – Board composition
REC Silicon – Board composition Reference is made to the extraordinary general meeting that was held in REC Silicon ASA (“REC” or the “Company”) on 21 October 2022 where a new board was elected, and to the background information published by the company on 14 October 2022. The board of directors of REC Silicon elected on 21 October 2022 would like to thank the shareholders of the company for their confidence and the former board of directors for their valuable contributions to the company. The board confirms its commitments as expressed in the statement from 14 October 2022. The board has...
REC Silicon - Minutes from Extraordinary General Meeting
REC Silicon - Minutes from Extraordinary General Meeting Oslo, Norway – October 21, 2022: An Extraordinary General Meeting of the shareholders of REC Silicon ASA (REC Silicon) was held as a digital meeting on October 21, 2022 at 13:00 hours (CEST). The minutes from the Extraordinary General Meeting are enclosed hereto and will also be available on REC Silicon's website Further to the Notice of the Extraordinary General Meeting issued on September 30, 2022, the Extraordinary General Meeting approved, as follows from the minutes, all resolutions as proposed by the Board. As a result of t...
REC Silicon – Background information regarding the new board appointme...
REC Silicon – Background information regarding the new board appointments at the extraordinary general meeting scheduled for 21 October 2022. Reference is made to the calling notice for an extraordinary general meeting to be held in REC Silicon ASA (“REC” or the “Company”) on 21 October 2022 where it is proposed to appoint three new board members, while two of the current board members will be resigning. The board of directors would like to take this opportunity to share some further background information concerning the proposal. The current board of directors was appointed at an ex...
REC Silicon - Presentation at the UEDA Conference
REC Silicon - Presentation at the UEDA Conference October 10, 2022: REC Silicon ASA (REC Silicon) Please find attached the company presentation given by Kurt Levens, REC Silicon CEO, at the UEDA conference in Bozeman, Montana, USA. For further information, please contact: Nils O. Kjerstad IR Contact Phone: Email: About REC Silicon REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine 30 years of experience and proprietary technology with the needs of ou...
REC Silicon - Appoints new CFO
REC Silicon - Appoints new CFO 9 October 2022: REC Silicon ASA ("REC" or the "Company") is pleased to announce that Mr. Jeong Ryul Yun has been appointed as the new Chief Financial Officer of the REC group. Mr. Yun has more than 25 years of experience from financial and managerial positions within the Hanwha group, focusing on executive management, financial reporting and control, and business development and strategy. He was most recently Executive Vice President of Hanwha Solutions / Q-cells, and prior to that Head of Business Development of Hanwha Corporation/Global. Kurtis Levens, Pre...
REC Silicon - Notice of Extraordinary General Meeting
REC Silicon - Notice of Extraordinary General Meeting September 30, 2022: Notice is given of an extraordinary general meeting of REC Silicon ASA (REC) to be held as a digital meeting on 21 October 2022 at 13:00 CET. The agenda deals with proposals for election of board members. Please find attached Notice of the General Meeting and the Recommendation of the Nomination Committee. All documents are available at . For further information, please contact: Nils O. Kjerstad IR Contact Phone: Email: About REC SiliconREC Silicon is a leading producer of advanced silicon materials, delivering h...
REC Silicon - Appoints new CEO
REC Silicon - Appoints new CEO Oslo, 28 September 2022: The Board of Directors of REC Silicon ASA announces that Mr. William Kurtis Levens will succeed James A. May II as the new Chief Executive Offer of the REC Silicon group. Mr. Levens, a Senior Vice President and General Manager of Electronic Grade Polysilicon and Silicon Gases, is the longest-standing executive at REC Silicon with more than 15 years of senior management experience, including a decade of strategic gas line management, sales, marketing, and key commercial planning in both Polysilicon and Silicon gas businesses. Prior to ...
REC Silicon - REC Silicon and Mississippi Silicon Announce MOU for Sol...
REC Silicon - REC Silicon and Mississippi Silicon Announce MOU for Solar Supply Chain Expansion Moses Lake, Washington USA August 22, 2022: The passage of the Inflation Reduction Act which includes SEMA legislation will drive increases in the U.S. production of polysilicon and metallurgical grade silicon. REC Silicon and Mississippi Silicon today announce a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and help establish a low-carbon and fully traceable U.S.-based solar supply chain. Recent investment by the Hanwha Group into REC Silico...
REC Silicon - Second quarter 2022 results
REC Silicon - Second quarter 2022 results Moses Lake, Washington USA – August 17, 2022: REC Silicon ASA (REC Silicon) reported second quarter 2022 revenues of USD 45.0 million compared to USD 34.6 million in the first quarter of 2022. The Company also reported an EBITDA loss of USD 1.1M compared to EBITDA of USD 3.6 million in the prior quarter. The Company reported EBITDA contributed by the semiconductor materials segment of USD 7.5 million for the second quarter compared to USD 10.7 million for the first quarter. The decrease in EBITDA is due primarily to higher energy costs compared to...
REC Silicon - Invitation to second quarter 2022 results
REC Silicon - Invitation to second quarter 2022 results REC Silicon ASA (REC Silicon) will release its Q2 2022 results on Wednesday, August 17, 2022, at 7:00 a.m. CEST. The same day at 8:00 a.m. CEST, the company will host an audiocast to present the results. Following the presentation, it will be opened for questions from the audience. The presentation and the following Q&A session will be in English. To join the audiocast, use the following link. Audiocast participants need to register to post questions. For further information, please contact:Nils O. Kjerstad, IR ContactPhone: Emai...
REC Silicon – Resignation of board member
REC Silicon – Resignation of board member Board member Heike Heiligtag has informed the Board of Directors of REC Silicon ASA that she resigns from the Company's Board of Directors with an effective date of August 10, 2022. Koo Yung Lee, Chairman of the Board, thanks Heike for her contributions to the Board during her tenure. The Company´s nomination committee has been advised of the resignation. The remaining Board of Directors still constitute a quorum. For further information, please contact: James A. May II, Chief Executive Officer & President Phone Email: About REC Sil...
REC Silicon - Minutes from Annual General Meeting 2022
REC Silicon - Minutes from Annual General Meeting 2022 Oslo, Norway – June 22, 2022: The Annual General Meeting of the shareholders of REC Silicon ASA (REC Silicon) was held as a digital meeting on June 22, 2022 at 09:00 hours (CEST). The minutes from the Annual General Meeting recording the resolutions made are enclosed hereto and will also be available on REC Silicon's website Further to the Notice of the Annual General Meeting issued on May 30, 2022, the Annual General Meeting approved, as follows from the minutes, all resolutions as proposed by the Board. For further information, pl...
REC Silicon - REC Silicon and Ferroglobe Announce MOU for Solar Supply...
REC Silicon - REC Silicon and Ferroglobe Announce MOU for Solar Supply Chain Expansion Moses Lake, Washington USA June 13, 2022: Hanwha Group investment and potential passage of SEMA legislation provides spark to expand U.S. production of polysilicon and metallurgical grade silicon. REC Silicon and Ferroglobe today announce a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and establish a low-carbon and fully traceable U.S.-based solar supply chain. Recent investment by the Hanwha Group into REC Silicon, in conjunction with Hanwha’s subsi...
REC Silicon - Notice of Annual General Meeting
REC Silicon - Notice of Annual General Meeting May 30, 2022: Notice is hereby given that the Annual General Meeting of REC Silicon ASA (REC) will be held as a digital meeting on June 22, 2022, at 9.00 am CET. Please find attached Notice of the General Meeting and the REC Silicon Remuneration report for 2021. All documents are available at For further information, please contact: Douglas J. Moore, Chief Financial OfficerPhone: Email: Nils O. Kjerstad, IR Contact Phone: Email: About REC SiliconREC Silicon is a leading producer of advanced silicon materials, delivering high-purity ...
REC Silicon - First quarter 2022 results
REC Silicon - First quarter 2022 results Moses Lake, Washington USA – May 27, 2022: REC Silicon ASA (REC Silicon) reported first quarter 2022 revenues of USD 34.6 million compared to USD 43.2 million in the fourth quarter of 2021. The Company also reported an EBITDA of USD 3.6M compared to a loss USD 0.4 million in the prior quarter. The Company reported EBITDA contributed by the semiconductor materials segment of USD 10.7 million for the first quarter compared to 9.3 million for the fourth quarter. The increase in EBITDA is due primarily to higher product sales prices and lower electricit...
REC Silicon - Invitation to first quarter 2022 results
REC Silicon - Invitation to first quarter 2022 results REC Silicon ASA (REC Silicon) will release its Q1 2022 results on Friday, May 27, 2022, at 7:00 a.m. CEST. The same day at 8:00 a.m. CEST, the company will host an audiocast to present the results. Following the presentation, it will be opened for questions from the audience. The presentation and the following Q&A session will be in English. To join the audiocast, use the following link. Audiocast participants need to register to post questions. For further information, please contact:Nils O. Kjerstad, IR ContactPhone: Email: ...
REC Silicon - Mandatory notification of trade
REC Silicon - Mandatory notification of trade Reference is made to the stock exchange notice by Aker Horizons ASA on 10 May 2022 regarding the completion of the agreement between Aker Horizons Holding AS (“AHH”) (a wholly owned subsidiary of Aker Horizons ASA) and South Korea's Hanwha Solutions Corporation and Hanwha Corporation (jointly, “Hanwha”) where AHH has agreed to sell all of its 70,104,276 shares in REC Silicon ASA (the “Company”) to Hanwha, each at a price of NOK 20.00 per share (the “Transaction”). As a result of the Transaction, primary notification pursuant to the Market Abus...
REC Silicon – Disclosure of large shareholding
REC Silicon – Disclosure of large shareholding Reference is made to the announcement made by Aker Horizons ASA on 10 May 2022 regarding the completion of the agreement between Aker Horizons Holding AS (“AHH”) (a wholly owned subsidiary of Aker Horizons ASA) and South Korea's Hanwha Solutions Corporation and Hanwha Corporation (jointly, “Hanwha”) where AHH agreed to sell all of its 70, 104,276 shares in REC Silicon ASA to Hanwha, each at a price of NOK 20.00 per share (the “Transaction”). Following the Transaction, AHH no longer hold any shares or voting rights in REC Silicon ASA. This i...
REC Silicon - Mandatory notification of trade
REC Silicon - Mandatory notification of trade Reference is made to the stock exchange notice by REC Silicon ASA on 23 March 2022 regarding the agreement between Aker Horizons Holding AS (“AHH”) (a wholly owned subsidiary of Aker Horizons ASA) and South Korea's Hanwha Solutions Corporation ("HSC") and Hanwha Corporation (jointly, “Hanwha”) where AHH has agreed to sell all of its 70,104,276 shares in REC Silicon ASA (the “Company”) to Hanwha, each at a price of NOK 20.00 per share (the “Transaction”). The Transaction has now completed. As a result of the Transaction, primary notification pu...
REC Silicon – Disclosure of large shareholding
REC Silicon – Disclosure of large shareholding Reference is made to the announcement published by REC Silicon ASA ("REC Silicon" or the "Company") on 23 March 2022 regarding the entry into of a share purchase agreement (the "SPA") between Aker Horizons Holding AS ("Aker Horizons"), Hanwha Solutions Corporation ("Hanwha Solutions") and Hanwha Corporation ("Hanwha Corporation"). Pursuant to the SPA, Hanwha Solutions shall acquire 19,629,197 existing shares in the Company at a share price of NOK 20.00 (the "Transaction"). Following completion of the Transaction, Hanwha Solutions' ownership in...
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