Business
Elkem ASA - Last day of the subscription period in the subsequent offering
Elkem ASA - Last day of the subscription period in the subsequent
About this update from Elkem Asa
[{"type":"text","content":"NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Oslo, 29 May 2026Reference is made to the stock exchange announcement made by Elkem ASA (the \"Company\") on 15 May 2026 regarding the commencement on 18 May 2026 of the subsequent offering of up to 11,111,111 new shares in the Company (the \"Offer Shares\") at a subscription price of NOK 27 per Offer Share (the \"Subsequent Offering\").\n\nThe subscription period for the Subsequent Offering (the \"Subscription Period\") will expire today, 29 May 2026, at 16:30 hours (CEST).ABG Sundal Collier ASA is acting as sole global coordinator and joint bookrunner and Danske Bank A/S, NUF, DNB Carnegie, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ), Oslo branch are acting as joint bookrunners in the Subsequent Offering (together, the \"Managers\").\n\nCorrectly completed subscription forms must be received by one of the Managers in the Subsequent Offering, or in the case of online subscriptions, be registered by the expiry of the Subscription Period.\n\nSubscription rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.\n\nFurther information about the Subsequent Offering and the subscription procedures is included in the prospectus prepared by the Company, dated 15 May 2026 (\"Prospectus\"). The Prospectus, including the subscription form for the Subsequent Offering, is available on the websites of the Managers, www.abgsc.com/transactions, www.danskebank.com/elkem, www.dnb.no/emisjoner, www.nordea.com/en/issuances and www.seb.no.\n\nFor further information, please contact:\nOdd-Geir Lyngstad \nVP Finance & Investor Relations\nEmail: [email protected]\nTel: +47 976 72 806\n\nThis information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.\n\nAbout Elkem ASA: \nElkem is a global metals and materials company established in 1904. The company holds leading positions in silicon, ferrosilicon, foundry alloys and carbon solutions, supplying materials essential to modern soc...