Elkem ASA - Initiation of a share buyback
Oslo, 21 July 2022 Elkem ASA ("Elkem" or the "Company") has decided to initiate a buyback of up to 5 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 2022. 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 2023.