Elkem ASA (OB:ELK) commences an Equity Buyback Plan for 63,584,029 shares, representing 10% of its issued share capital, under the authorization approved on April 28, 2023.

Elkem ASA (OB:ELK) commences a share repurchases on August 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2023. As per the mandate, the company is authorized to repurchase up to 63,584,029 shares, representing 10% of the share capital. The maximum amount to be paid for each share is NOK 150 and the minimum amount is NOK 1. The shares acquired under the authorization may either be used to fulfil the company's obligations in connection with acquisitions, incentive arrangements for employees, fulfilment of earn-out arrangements, be sold to strengthen the company's equity or be deleted.

The authorization is valid until the company's Annual General Meeting in 2023, but no longer than to and including June 30, 2024. As of March 8, 2023, the company had 635,840,288 shares in issue(excluding treasury shares) and 3,601,090 shares in treasury.