Elkem ASA – Grant of share options under share incentive scheme
Oslo, 29 July 2020 The board of directors of Elkem ASA ("Elkem" or the "Company", OSE ticker code: "ELK") has resolved to grant in total 8,000,000 share options to members of the management and certain other key employees under the Company's share incentive scheme. Each option gives the option holder the right to subscribe or purchase one share in the Company at an exercise price of NOK 19.10, which is equal to the average of the share price at closing on the first 20 working days of July 2020. The options will vest over a period of three years from grant with one-third vesting each