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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 (OSL: RECSI.OL) ("REC Silicon" or the "Company"), 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.
About this update from Rec Silicon Asa
[{"type":"text","content":"Believes Urgent Change is Needed to Preserve Company Independence and Enhance Shareholder Value","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"Water Street's Nominees Bring Decades of Relevant Industry, Management, and Legal Experience ","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"Believes Hanwha's Plan to Purchase All Shares of REC Silicon Drastically Undervalues REC Silicon's Assets and Intellectual Property By More Than 90%","length":161,"tagName":"p","attribs":{}},{"type":"text","content":"Urges Shareholders to Support Water Street's Director Nominees at Upcoming Annual General Meeting ","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"JACKSONVILLE, Fla., June 11, 2025 /PRNewswire/ -- 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 (OSL: RECSI.OL) ("REC Silicon" or the "Company"), 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.","length":568,"tagName":"p"},{"type":"image","alt":"Water Street Capital (PRNewsfoto/Water Street Capital, Inc.)","displaySize":"","headline":null,"caption":"Water Street Capital (PRNewsfoto/Water Street Capital, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":106,"url":"https://media.zenfs.com/en/prnewswire.com/65de22d9820794c695fd7921c40e871f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ImgCVDEMsP9EBfNnqn.xPw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/65de22d9820794c695fd7921c40e871f","width":400,"height":106}},"href":"https://mma.prnewswire.com/media/2694704/Water_Street_Capital_Inc__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Water Street's director nominations follow the announcement of its intention to vote against a proposal from Hanwha Solutions Corporation ("Hanwha"), REC Silicon's largest shareholder, to purchase all shares of the Company at the historically low price of NOK 2.20 per shar...