REC Silicon - Establishment of investigative sub-committee of the board
Moses Lake, Washington USA - July 2, 2025:
REC Silicon ASA (“REC") announces today that the board of directors has formed an investigative sub-committee (the "Sub-Committee") of the board.
The mandate of the Sub-Committee is, pursuant to the shareholder resolution on a potential investigation approved by the annual general meeting on 25 June 2025, to facilitate for the investigation by exploring relevant circumstances around the decision by the Company, as announced on 24 January 2025, to enter into a termination agreement concerning the full-form supply agreement with Hanwha Q Cells Georgia Inc.
The board of directors is diligently exploring all available options to create shareholder value.