Pressemeldinger

22.10.19

New share capital registered

Reference is made to the stock exchange notices dated 14 and 15 October 2019 from Element ASA (the "Company") regarding a private placement of 463,333 new shares issued at a price of NOK 4.50 per share, raising a total of NOK 2,085,000 in gross proceeds.
The pertaining share capital increase has now been registered in the Norwegian Register of Business Enterprises, and the share capital of the Company has been increased with NOK 741,332.80. The new share capital of the Company is NOK 30,038,843.20 divided by 18,774,277 shares, each with a par value of NOK 1.60. Each share gives one vote at the Company's general meeting.

11.10.19

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 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.