business
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Information for International Shareholders Wishing to Cast a Proxy
We, together with Karina Fossmark, are receiving questions from shareholders who hold their shares through non-Norwegian banks regarding how to register a proxy. We’ve asked DNB/Carnegie for clarification, and they responded as follows: “We refer to the notice where it states that you need to contact the bank/custodian that hold your shares and instruct them… Continue reading
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Clarification regarding proxy
Karina Fossmark, as our proxy holder, is contacted directly by a number of shareholders regarding proxy and voting instructions. We understand the wish, but unfortunately it will be impossible for her to handle individual instructions. Nor is there any support for automating this at VPS/DnB. We would therefore like to clarify, with reference to previous… Continue reading
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17,58% now!
Karina Fossmark has now received proxy for almost 74 mill shares, or 17,58% of the shares. https://newsweb.oslobors.no/message/649585 Continue reading
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~12% of the votes gathered in less than 24 hours!
Dear shareholder,If, like us, you feel that you’ve received a lowball offer of 2.2 kroner and that you, as a shareholder, have not been given the necessary information, we hope you’ve already decided to give your proxy to Karina Fossmark. She has also been proposed by us as a board member. You can see how… Continue reading
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The Nomination Committee’s Destructive Proposal, Our Response, and Our Ballot
Dear minority shareholder, This initiative was launched with a clear purpose: to initiate an investigation into key events at REC Silicon and to ensure the election of board members who genuinely represent the interests of all shareholders. We now clearly see that there should be sufficient support among shareholders to reject the sham offer, and… Continue reading
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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”)… Continue reading
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#StopTheSteal
The bid document has arrived – an obvious lowball offer, best suited for the recycling bin. Before long, we believe the company can be valued very differently. Many are watching closely, calculators in hand. The bid deadline is June 24, so there is plenty of time. And much will happen before then. Then came the… Continue reading
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Value, potential, and alignment with Water Street
For a long-term minority shareholder in REC, this week can rightly be described as eventful and encouraging. Our initiative is fully aligned with the content of Water Street’s letter. We believe a formal investigation is warranted at this point. In our view, the bid from Korea in no way reflects the company’s underlying value. REC’s… Continue reading
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A letter from a trusted associate
Dear fellow shareholders, We are pleased to share a letter from a trusted associate. Continue reading
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Q1 – initial reactions
Below are some immediate thoughts and questions after today’s presentation of Q1. Excerpts from the Q&A session is from Quartr’s autogenerated transcript. In general, today’s quarterly presentation was, as feared, disappointing. The CEO seemed to be under oversight, with messages needing prior approval. Lack of communication with the initiative We sent questions ourselves, and we… Continue reading
Make REC Great Again! 