stocks
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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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Our proxy holder
Dear fellow shareholder in REC Silicon, In just about a week, the battle for REC Silicon will take place. At the general meeting, proposals may be presented by Water Street and us – for example, the election of board members who can clean up the current mess and, most importantly, safeguard the interests of all… 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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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
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The Initiative’s Letters to REC – Questions that remain unanswered
In previous posts, we have referred to our attempts at communication with the company and the lack of response. In the interest of full transparency, we have now decided to publish the letters that we, as a group, have sent to the company. These are letters containing questions and requests for information that, to this… Continue reading
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Stop the steal
Originally posted on April 26th, 2025 On Thursday, the bid of NOK 2.2 per share was announced – coincidentally on the same day that Norwegian media were focused on politicians visiting the U.S. President. As a naive Norwegian, one could hope that REC’s board and management were working on a refinancing solution, especially after terminating… Continue reading
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Friday’s Stock Exchange Announcement – Some immediate thoughts: Financing, the Black Box, and Our Activities
Originally posted January 26th, 2025 Friday’s stock exchange announcement was released at a time that, for many Norwegian shareholders, fell somewhere between the last glass of red wine and bedtime. While the timing can be considered unfortunate, the content of the announcement gives reason for both optimism and some concern. On the positive side, a… Continue reading
Make REC Great Again! 