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ELKo Elkem ASA News Story

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Brief: Elkem Raises About NOK 1.5 Bln Through Private Placement

May 7 (Reuters) - Elkem ASA ELK.OL:

SAID ON WEDNESDAY PRIVATE PLACEMENT SUCCESSFULLY PLACED, CONTEMPLATED SUBSEQUENT OFFERING

PRIVATE PLACEMENT RAISES GROSS PROCEEDS OF ABOUT NOK 1.50 BLN THROUGH ALLOCATION OF 55,555,555 OFFER SHARES

SUBSCRIPTION PRICE OF NOK 27 PER SHARE

PRIVATE PLACEMENT SIGNIFICANTLY OVERSUBSCRIBED

TO CARRY OUT SUBSEQUENT OFFERING OF 11,111,111 NEW SHARES, RAISING GROSS PROCEEDS OF UP TO ABOUT NOK 300 MLN

 Source text for Workspace: nObiDhnFda
 Further company coverage: ELK.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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