News Article
REC shareholders say no to new share deal
The Extraordinary General Meeting of the shareholders of Renewable Energy Corporation ASA (REC) was held today on June 24 the minutes from the meeting revealed that shareholders did not agree with the board's desire to raise capital by issuing further shares.
The proposed authorization to the Board of Directors to issue new shares in item 5 of the agenda obtained a 53.7 percent majority but this was not enough to obtain the required qualified majority and the proposal was not adopted.
All other proposed resolutions were passed in accordance with the proposals by the Board of Directors.