Press releases

11.06.19

Share capital increase registered

Reference is made to the stock exchange announcements on 6 May 2018 regarding a new zero coupon NOK 500 million convertible note facility with attached warrants (the "Convertible Note Facility") entered into with European High Growth Opportunities Securitization Fund managed by Alpha Blue Ocean Advisors Ltd. ("ABO"), on 15 May 2018 regarding, inter alia, entry into definitive agreements for the Convertible Note Facility and on 6 June 2017 regarding approval by the general meeting of necessary resolutions related to the Convertible Note Facility and draw down of the first tranche of MNOK 50 under the Convertible Note Facility. Reference is furthermore made to the stock exchange announcements on 22 February 2019 regarding amendments to the third tranche of the Convertible Note Facility and on 18 March 2019 regarding the general meeting's approval of the same.

05.06.19

Issuance of options

Reference is made to the minutes from the extraordinary general meeting in Element ASA (the "Company") held on 6 June 2018, in which the general meeting resolved an option program for employees, board members and consultants (equaling to approximately 5% of the total issued shares at that time). Reference is furthermore made to the statement ("Remuneration Policy") from the Board of Directors of the Company (the "Board") on salaries and other compensation for executive management, which was published earlier today, 5 June 2019.