Elkem Clarifies Details on NOK 1.5 Billion Underwritten Equity Issue
On February 13, Elkem, a prominent provider of silicon-based materials, issued a clarification concerning its underwritten equity issue amounting to NOK 1.5 billion. This announcement is significant as it outlines how the company plans to proceed with its capital raise and assure shareholders of their interests.
The company indicated that the NOK 1.5 billion equity issue would be conducted through a bookbuilding process, which is subject to market conditions and defined criteria for application and allocation as determined by its Board of Directors. This approach ensures a structured and transparent method for raising capital while taking into account various factors that affect all shareholders involved.
In particular, Elkem's Board will consider each shareholder's interests carefully as they navigate the allocation of new shares during this capital injection. By doing so, the company aims to maintain equity balance and uphold shareholder confidence throughout the process.
Next, the company plans to offer a repair offering, which is a provision allowing existing shareholders to subscribe for new shares at the same subscription price that will be set during the capital raise. This offering is crucial as it provides shareholders the opportunity to maintain their proportional stakes in the company, further solidifying their confidence in Elkem's long-term strategy.
Elkem remained clear that this underwritten equity issue is the only one contemplated relative to their announcement on the same date. Such clarity is vital in investor relations, as it minimizes confusion and allows shareholders to take informed decisions regarding their investments.
About Elkem:
Elkem stands as one of the world's leaders in providing advanced materials based on silicon. It continuously aims to lead in sustainability, leveraging innovative technologies and materials science. Founded in 1904, the company has consistently adapted to changing market dynamics and is now at the forefront of industries important for modern living, including electric mobility, communication technologies, and sustainable urban infrastructures. In the past years, Elkem has reported operating revenues reaching NOK 31 billion in 2025.
Moreover, Elkem is recognized for its commitment to environmental sustainability, achieving top ratings for its efforts in forests, water security, and climate change initiatives via the Carbon Disclosure Project (CDP).
As the company moves forward, its innovative capacity, annual performance, and dedication to sustainable practices solidify its position as a pioneer in silicon-based material solutions.
To inquire further about this equity issue or other related matters, investors and interested parties can contact Odd-Geir Lyngstad, VP Finance of Elkem, at +47 976 72 806.
For the latest updates on Elkem, visit their official website at www.elkem.com. As the company thrives towards a sustainable and innovative future, tracking their progress and offerings will be essential for stakeholders and market watchers alike.
The company indicated that the NOK 1.5 billion equity issue would be conducted through a bookbuilding process, which is subject to market conditions and defined criteria for application and allocation as determined by its Board of Directors. This approach ensures a structured and transparent method for raising capital while taking into account various factors that affect all shareholders involved.
In particular, Elkem's Board will consider each shareholder's interests carefully as they navigate the allocation of new shares during this capital injection. By doing so, the company aims to maintain equity balance and uphold shareholder confidence throughout the process.
Next, the company plans to offer a repair offering, which is a provision allowing existing shareholders to subscribe for new shares at the same subscription price that will be set during the capital raise. This offering is crucial as it provides shareholders the opportunity to maintain their proportional stakes in the company, further solidifying their confidence in Elkem's long-term strategy.
Elkem remained clear that this underwritten equity issue is the only one contemplated relative to their announcement on the same date. Such clarity is vital in investor relations, as it minimizes confusion and allows shareholders to take informed decisions regarding their investments.
About Elkem:
Elkem stands as one of the world's leaders in providing advanced materials based on silicon. It continuously aims to lead in sustainability, leveraging innovative technologies and materials science. Founded in 1904, the company has consistently adapted to changing market dynamics and is now at the forefront of industries important for modern living, including electric mobility, communication technologies, and sustainable urban infrastructures. In the past years, Elkem has reported operating revenues reaching NOK 31 billion in 2025.
Moreover, Elkem is recognized for its commitment to environmental sustainability, achieving top ratings for its efforts in forests, water security, and climate change initiatives via the Carbon Disclosure Project (CDP).
As the company moves forward, its innovative capacity, annual performance, and dedication to sustainable practices solidify its position as a pioneer in silicon-based material solutions.
To inquire further about this equity issue or other related matters, investors and interested parties can contact Odd-Geir Lyngstad, VP Finance of Elkem, at +47 976 72 806.
For the latest updates on Elkem, visit their official website at www.elkem.com. As the company thrives towards a sustainable and innovative future, tracking their progress and offerings will be essential for stakeholders and market watchers alike.
Topics Financial Services & Investing）
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