Element ASA: Publication of Prospectus

07.02.20 | Press releases

Oslo, 7 Februar 2020 - Reference is made to previous stock exchange announcements in relation to; (i) issuance of 2,650,000 new shares issued as transaction consideration to Hope For More AS on 14 August 2019 (the "Consideration Shares"), (ii) issuance of a total of 1,937,500 new shares issued to Alpha Blue Ocean Inc. on 19 August 2019 and of 851,851 new shares issued to Alpha Blue Ocean Inc. on 11 October 2019 (the "Conversion Shares"), and (iii) issuance of 463,333 new shares to certain Norwegian investors on 14 October 2019 (the "Private Placement Shares").

The Financial Supervisory Authority of Norway has on 6 February 2020 approved a prospectus in connection with the listing of the Consideration Shares, the Conversion Shares and the Private Placement Shares. The prospectus is enclosed to this message and will also be made available at the Company's website www.elementasa.com.

The Consideration Shares, the Conversion Shares and the Private Placement Shares have been issued on an ISIN separate from the Company's other shares pending approval of the prospectus. The Consideration Shares, the Conversion Shares and the Private Placement Shares will assume the Company's ordinary ISIN as soon as practically possible after this publication of the Prospectus.

For further information, please contact:
Geir Johansen CEO
E-mail: gj@elementasa.com
+47 4771 0451

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

For more information see: