Oslo, 19 September 2018
The board of directors of Elkem ASA ("Elkem" or the "Company", OSE ticker code:
"ELK") has resolved to grant in total 7,850,000 share options to members of the
management and certain other key employees under the Company's share incentive
scheme.
Each option gives the option holder the right to subscribe or purchase one share
in the Company at an exercise price of NOK 38.52, which is equal to the share
price at closing on 13 September 2018. The options will vest over a period of
three years from grant with one-third vesting each year and the first one-third
vesting on 18 September 2019. The options will expire two years after vesting,
i.e. on 18 September 2021, 2022 and 2023, respectively. The Company may honour
options when exercised by delivering either new shares, treasury shares or
settlement in cash, at the discretion of the Company.
Following the grant, the total number of outstanding options are 7,850,000.
The following primary insiders were granted options:
Helge Aasen (CEO), was granted 500,000 options, following which he holds in
total 500,000 options and 86,206 shares in the Company
Morten Viga (CFO), was granted 300,000 options, following which he holds in
total 300,000 options and 46,896 shares in the Company
Frédéric Jacquin (SVP Silicones), was granted 300,000 options, following which
he holds in total 300,000 options and 6,551 shares in the Company
Trond Saeterstad (SVP Silicon Materials), was granted 300,000 options, following
which he holds in total 300,000 options and 0 shares in the Company
Jean Villeneuve (SVP Foundry Products), was granted 300,000 options, following
which he holds in total 300,000 options and 0 shares in the Company
Inge Grubben-Strømnes (SVP Carbon), was granted 300,000 options, following which
he holds in total 300,000 options and 35,189 shares in the Company
Asbjørn Søvik (SVP Business Development), was granted 300,000 options, following
which he holds in total 300,000 options and 0 shares in the Company
Katja Lehland (SVP HR), was granted 300,000 options, following which she holds
in total 300,000 options and 0 shares in the Company
Håvard Moe (SVP Technology), was granted 300,000 options, following which he
holds in total 300,000 options and 17,241 shares in the Company
Louis Vovelle (SVP Innovation and R&D), was granted 300,000 options, following
which he holds in total 300,000 options and 6,896 shares in the Company
Odd-Geir Lyngstad (VP Finance and Investor Relations), was granted 150,000
options, following which he holds in total 150,000 options and 7,000 shares in
the Company
This information is subject to the disclosure requirements pursuant to section 4
-2 of the Norwegian Securities Trading Act.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no
About Elkem
Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company's
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem's over 6,000 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.