24.04.19 | Press releases

Reference is made to Element ASA's (the 'Company') stock exchange announcement on 23 April 2019 regarding the resolution to increase the share capital and consolidate the shares in the Company in the ration 20:1.

The share capital increase and the share consolidation has been registered with the Norwegian Register of Business Enterprises. As a result, the share capital of the Company has been increased with NOK 0.64. Following the share capital increase and the share consolidation, the Company's share capital and number of shares are respectively NOK 12,297,534.40 divided by 7,685,959 shares, each with a par value of NOK 1.60. Each share gives one vote at the Company's general meeting.

The consolidated shares will be tradable on the Oslo Stock Exchange from and including 25 April 2019.

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

For further information, please contact:

Cecilie Grue
Chief Executive Officer
Telephone: +47 991 62 486
E-mail: cg@elementasa.com

Thomas Christensen
Chairman of the Board of Directors
E-mail: tc@procorp.no

About Element
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 niches.

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Element ASA published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 11:32:11 UTC