• Elkem placed NOK 1.5 billion private placement via 55,555,555 new shares at NOK 27 per share, a 3.2% discount to May 6 close.
• Proceeds earmarked to reduce leverage, strengthen equity following redemption of shares held by Bluestar tied to Silicones transaction, support liquidity for general corporate purposes.
• Must Invest allocated 5,432,833 shares for NOK 146,686,491; stake expected at about 7.03% post-completion.
• DVP settlement expected around May 11; first trading in new shares expected around May 8, subject to share capital registration.
• Subsequent offering planned for up to 11,111,111 shares at same price to raise up to NOK 300 million; prospectus expected around May 15, subscription period expected May 18 to May 29.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elkem ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260506:BIT:9606:0) on May 06, 2026, and is solely responsible for the information contained therein.