Elkem ASA - Initiation of a share buyback
Oslo, 20 July 2021 Elkem ASA ("Elkem" or the "Company") has decided to initiate a buyback of up to 10 million of its own shares. The shares will be used as settlement in the Company's share-based incentive scheme. The buybacks will be made in accordance with the authorisation granted to the board of directors by the Company's annual general meeting held on 27 April 2021. According to the authorisation, shares up to 10% of the share capital may be purchased at a minimum of NOK 1 and a maximum of NOK 150 per share. The authorisation is valid until the annual general meeting in 2022.