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Elkem ASA's Extraordinary General Meeting: A New Chapter Ahead

In a pivotal move that signals a significant transition in its operations, Elkem ASA has announced an extraordinary general meeting scheduled for March 9, 2026. This gathering is not just a formality but a critical juncture for the company as it seeks shareholder approval for a major transaction with Bluestar relating to its Silicones division.

Understanding the Share Purchase Agreement

The Share Purchase Agreement (SPA) at the heart of this meeting involves Elkem selling the majority stake of its Silicones division to Bluestar. This transaction will ultimately be settled through Bluestar’s ownership of shares in Elkem, specifically via Bluestar Elkem International Co. Ltd. S.A. This significant move is anticipated to reshape Elkem's business landscape, allowing the company to focus on its core operations while aligning with Bluestar’s strategic goals.

Such a transaction not only highlights Elkem's commitment to optimizing its portfolio but also positions it for enhanced competitiveness in the global market. Elkem has established itself as a frontrunner in the field of advanced silicon-based materials since its founding in 1904. The company’s innovations are pivotal in sectors ranging from electric mobility to healthcare.

The Details of the Meeting

The general meeting will commence at 09:00 CET and will adopt a modern format, being conducted digitally via the Lumi AGM platform. Shareholders will have the opportunity to participate in real-time through a live webcast, making engagements more dynamic and accessible. Electronic voting provisions have also been put in place, ensuring that all shareholders can cast their votes regardless of their geographical locations.

Access to important documents related to the meeting, including the full notice and additional information, can be easily retrieved from Elkem's official website under the investor relations section.

A Sustainable Future

Elkem is committed to advancing a sustainable future through its innovative practices and product offerings. With over 7,000 employees worldwide, the company emphasizes its dedication to creating essential materials that contribute significantly to a variety of industries. The 2025 fiscal year showcased Elkem's robust performance, recording an operating income of NOK 31 billion, demonstrating the effectiveness of its strategic direction.

In addition to its business objectives, Elkem has earned accolades for its commitment to environmental sustainability, receiving top scores from the CDP for its efforts in Water Security and Climate Change. This is emblematic of Elkem's ongoing pledge to uphold the highest standards in social responsibility while delivering value to its stakeholders.

Looking Ahead

As Elkem approaches this extraordinary general meeting, the eyes of investors and industry observers will be keenly focused on the outcomes. The potential sale of its Silicones division might herald a new phase of growth and recalibration for the company, as it aims to expand its capabilities and responsiveness to market demands.

For further details and inquiries, investors and interested parties are encouraged to reach out to Odd-Geir Lyngstad, the VP of Finance at Elkem, who is readily available for any pressing questions related to this development.

With this pivotal moment, Elkem ASA stands at the threshold of a transformative journey, committed to pioneering advancements across various sectors while ensuring a more sustainable and innovative future for its operations and products.