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;))