Capital increase through exercise of subscription rights

PRESS RELEASE                            

Regulated information – Inside information      

Brussels,   29 March 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 29 March 2024 its share capital has been increased following the exercise of 30,000 subscription rights of the warrant plan issued on 28 June 2019 and 30,000 subscription rights of the warrant plan issued on 29 June 2020. This resulted in the issuance of 60,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 3 April 2024.

This results in the following overview:

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Press release – Capital increase – 29 March 2024 – 18:00 CET                                                                      Page 1 of 2

About Recticel Group

Recticel Group is a Belgian insulation company with a strong presence in Europe and the USA. Its overriding purpose is to accelerate the fight against climate change with smart 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 7 countries.

The SBTi approved Recticel’s near and long-term science-based emissions reduction targets, in line with reaching net-zero by 2050. 

Recticel is listed on Euronext in Brussels (Euronext: RECT - Reuters: RECT.BR - Bloomberg: RECT:BB).

Financial calendar 

Recticel NV/SA

avenue du Bourget/Bourgetlaan 42

1130 Brussels – Belgium

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

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