Capital increase through exercise of subscription rights

PRESS RELEASE                            

Regulated information                  

Brussels, 20 December  2024 – 18:00 CET

 Disclosure in accordance with the provisions of the Act of 2 May 2007

Capital increase through exercise of subscription rights  

Recticel announces that on 20 December 2024 its share capital has been increased following the exercise of 15,000 subscription rights of the warrant plan issued on 29 April 2016 and 92,500 subscription rights of the warrant plan issued on 25 April 2018. This resulted in the issuance of 107,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 24 December 2024.

This results in the following overview:

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About Recticel Group

Recticel Group is a Belgian insulation company with a strong presence in Europe and the USA. It offers smart insulation solutions that advance a carbon-free economy and a better quality of life.  

Recticel Group delivers upon a portfolio of Insulation Boards, Insulated Panels and Acoustic Solutions.

Recticel Insulation designs polyurethane thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. This includes vacuum insulation panels (VIP) by Turvac.

Trimo enables the highest aesthetic standards and extends architectural capabilities with its mineral wool insulated panels and modular space solution, primarily in non-residential applications. With the recent acquisition of  REX Panels & Profiles, the portfolio now includes PIR insulated panels.

Soundcoat provides acoustic solutions used in some of the world’s leading technological innovations.

At the end of 2023, Recticel employed 1,255 people and had achieved sales of EUR 529.4 million. Its operations are spread over seven countries.

The Science Based Targets initiative (SBTi) approved Recticel’s near-term targets for the reduction of  scope 1, 2 & 3 greenhouse gas emissions by 2030 (from base year 2021) and net-zero targets for 2050.

Recticel is listed on Euronext in Brussels (Euronext: RECT - Reuters: RECT.BR - Bloomberg: RECT:BB). As from 23 December 2024 Recticel will be included in the Euronext BEL^® ESG Index.

Financial calendar 

Recticel NV/SA

Bourgetlaan 42 avenue du Bourget

1130 Brussels

Belgium

This press release is available in English and Dutch on www.recticel.com.

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