Elkem ASA - Buyback of shares

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Oslo, 1 September 2023

Please see below information about transactions made under the share buyback programme for Elkem ASA.

  • Date on which the buyback programme was announced: 14 August 2023
  • The duration of the buyback programme: 14 August 2023 to 8 September 2023
  • Size of the buyback programme: Up to 2,000,000 shares

From 26 August 2023 until 1 September 2023, Elkem ASA has purchased a total of 500,000 own shares at the Oslo Stock Exchange at an average price of NOK 21.8708 per share. Aggregated overview of transactions per day:

Date Aggregated volume(number of shares) Weighted average share price (NOK) Total transaction value (NOK)
28 August 2023  100,000  21.6853  2,168,530.00
29 August 2023  100,000  21.7486  2,174,860.00
30 August 2023 100,000  21.9365  2,193,650.00
31 August 2023  100,000  21.9137  2,191,370.00
1 September 2023  100,000 22.0698 2,206,980.00
Previously disclosed buybacks under the programme (accumulated) 1,000,000 22,7767 22,776,677.08
Total buybacks under the programme 1,500,000 22.4747 33,712,067.08

Following the completion of the above transactions, Elkem ASA owns a total of 5,051,090 own shares, corresponding to 0.79% of Elkem ASA's share capital.

This is information that Elkem ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Appendix: A detailed overview of all transactions made under the buyback programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com

About Elkem
Elkem is one of the world’s leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,300 people has a joint commitment to stakeholders: Delivering your potential. In 2022, Elkem achieved an operating income of NOK 45.9 billion and CDP ratings of A- on climate and forest. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where the company is also included in the ESG Index. www.elkem.com