Element is an innovative project investment company within the mineral sector, which continuously strives to create shareholder value at the lowest possible risk. The company has as strategy to identify undervalued projects, closing in on cash flow, where infrastructure and other basic work, if necessary, have in large, been completed. The company's special focus is linked to projects within new, and usually ground breaking technology, within its niche’s.

The company will always look for the mineral companies with the greatest potential, in a financial, management and environmental perspective. Element is working to create a portfolio of sector-based mineral companies, each possessing high expertise in the extraction, development and sale of natural resources.

The main objective of Element is to invest in projects with sound and sustainable recovery.

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Top 20 shareholders

ALPHA BLUE OCEAN INC 16.43% 2115384
EASY2CONNECT A/S 3.1% 400000
NORDNET BANK AB 3.01% 387968
AUPLATA SA 2.91% 375000
SIMBA AS 2.9% 374171
HAUGSTAD KIM JARLE 2.47% 318246
PRO AS 2% 257464
USTUPSKI STANISLAW ANTONI 1.61% 207304
ELEMENT ASA 1.53% 197237
NORDNET LIVSFORSIKRING AS 1.24% 159624
ØVERAAS SVERRE JOHANNES TVEIT 1.19% 153688
BETTUM ARILD 1.16% 150000
JOHANSEN GEIR OLE 1.11% 143500
BÅRDSHAUG SHELL AS 0.93% 120000
YDSTIE LARS-ERIK 0.93% 120000
WIPS AS 0.89% 115250
SILVERCOIN INDUSTRIES AS 0.83% 107205
DNB LIVSFORSIKRING ASA 0.81% 105069
SIX-SEVEN AS 0.76% 98848
DEDEKAM HOLDING AS 0.73% 94050
Top 20 shareholders 46.61% 6000008
Other shareholders 53.39% 6871585
Total shares 100% 12871593
Last updated 18/08-2019
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Press releases

16.08.19

Conversion of notes

Reference is made to stock exchange disclosure by Element ASA (the "Company") on 15 August 2019 regarding notification of breach of its Convertible Note Facility. The Company has today agreed with European High Growth Opportunities Securitization Fund Manco SA to convert 31 convertible notes (with a total conversion amount of NOK 3,100,000) into 1,937,500 shares at par value (NOK 1.60). The dispute regarding a potential contractual penalty in the amount of up to NOK 601,369 has been agreed to be settled in accordance with applicable law following registration of the new shares with the Register of Business Enterprises.

16.08.19

Disclosure of shares and rights to shares in Element ASA ("Element") (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein. Reference is further made to the disclosure of large shareholding made on 8 August 2019. As the conversion price relating to the announcement made on 8 August 2019 was below the par value of the shares in Element, the number of conversion shares will be adjusted to reflect issuance at the par value. As such, the new number of shares to be received pursuant to conversion of 31 convertible notes, as announced on 8 August 2019, amounts to 1,937,500 shares in Element (the "New Shares").

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Lmnt Fp Backg

Financial calendar

30.08.19
Half-yearly Report
29.11.19
Quarterly Report - Q3
28.02.20
Quarterly Report - Q4
29.04.20
Annual Report