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Elkem ASA ( (ELKEF) ) has provided an update.
Elkem ASA has clarified the structure of its previously announced NOK 1.5 billion underwritten equity issue, stating it will be executed through a publicly announced bookbuilding process subject to market conditions and terms set by the board. The board will determine minimum application amounts and allocation criteria, and has pledged to balance the interests of all shareholders when allocating new shares.
Following the main equity raise, Elkem plans a repair offering that will allow existing shareholders to subscribe for additional shares at the same price, aiming to mitigate dilution and broaden participation among investors. The company also emphasized that this is the only equity issue connected to today’s announcement, providing greater visibility for stakeholders on the scale of the planned capital increase and its potential impact on ownership structure.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK26.00 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.
More about Elkem ASA
Elkem ASA is a global provider of advanced silicon-based materials, including silicones, silicon products and carbon solutions, serving sectors such as electric mobility, digital communications, health and personal care, and sustainable urban development. Headquartered in Norway and listed on the Oslo Stock Exchange, the company generated operating income of NOK 31 billion in 2025 and is recognized for strong ESG performance, including top scores from CDP on forests and water security.
Average Trading Volume: 855,312
Current Market Cap: NOK18.33B
Learn more about ELKEF stock on TipRanks’ Stock Analysis page.