Elkem launches subsequent offering of up to 11,111,111 shares at NOK 27 each

  • Elkem board resolved to launch a subsequent offering of up to 11,111,111 new shares at NOK 27 per share, targeting gross proceeds of about NOK 300 million if fully subscribed.
  • Offer follows private placement of 55,555,555 new shares at NOK 27, raising about NOK 1.5 billion in gross proceeds.
  • Preferred eligible shareholders will receive non-tradeable subscription rights of 0.099 per existing share held as of record date May 8, 2026, rounded down to whole rights; oversubscription will be allowed.
  • Prospectus clearance is expected on or about May 15, 2026; subscription period is expected to run from about May 18, 2026 to May 29, 2026.
  • Allocation is expected on or about June 1, 2026; new shares are expected to be issued and delivered on or about June 8, 2026, subject to payment.


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