Anchor AS completes mandatory offer for REC Silicon, boosts stake to 60%

Anchor AS has completed its mandatory offer to acquire all remaining shares in REC Silicon ASA, with settlement now concluded. The offer, announced on July 31, 2025, was priced at NOK 2.20 per share. As of September 3, 2025, Anchor AS received acceptances for 68,329,394 shares, representing about 16.24% of REC Silicon's issued share capital.

Following the settlement, Anchor AS increased its total shareholding in REC Silicon from 184,839,587 shares to 253,168,981 shares, now representing approximately 60.19% of all outstanding shares. Norwegian shareholders who accepted the offer are expected to receive payment by September 4, 2025.

DNB Carnegie acted as financial advisor for the offeror, with Advokatfirmaet Wiersholm as legal advisor. Arctic Securities AS served as financial advisor to REC Silicon. The offer was made to U.S. holders as a "Tier II" tender offer, compliant with Norwegian law and specific U.S. Exchange Act regulations.