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Initiative for Minority Shareholders in REC Silicon

Water Street Capital Nominates Highly Qualified Slate of Independent Directors to REC Silicon Board

Water Street Capital, Inc. (“Water Street”), a long-term, value-oriented private investment firm which, together with its affiliates, collectively owns 8.26% of the outstanding common stock of REC Silicon ASA, today announced its highly qualified slate of director candidates that it has nominated for election to REC Silicon’s Board of Directors at the Company’s Annual General Meeting (“AGM”) on 25 June 2025.


Believes Urgent Change is Needed to Preserve Company Independence and Enhance Shareholder Value

Water Street’s Nominees Bring Decades of Relevant Industry, Management, and Legal Experience 

Believes Hanwha’s Plan to Purchase All Shares of REC Silicon Drastically Undervalues REC Silicon’s Assets and Intellectual Property By More Than 90%

Urges Shareholders to Support Water Street’s Director Nominees at Upcoming Annual General Meeting

Full release can be read at: https://www.prnewswire.com/news-releases/water-street-capital-nominates-highly-qualified-slate-of-independent-directors-to-rec-silicon-board-302479124.html

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2 responses to “Water Street Capital Nominates Highly Qualified Slate of Independent Directors to REC Silicon Board”

  1. Lars Petter Avatar
    Lars Petter

    Can I pre-vote to support this replacement of the board? How?

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    1. MakeRECGreatAgain Avatar
      MakeRECGreatAgain

      Well, REC hasn’t made that easy for us, since the recommendation from the “election committee” isn’t ready yet. We can assume that their recommendation doesn’t equal WS’ proposed board, which means that there will be alternatives. How that will be presented as options is still unclear.

      We are also working on setting up a recipient for proxies, which will be the best options for many, I think. More info will be published in the coming days.

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