Elkem ASA (OB:ELK) commences a share repurchases on July 20, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2021. As per the mandate, the company is authorized to repurchase up to 581,985,34 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 2022, but no longer than to and including June 30, 2022. As of March 31, 2021, the company had 582,985,344 shares in issue and 1,000,000 shares in treasury.