Share this article Share this article NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OSLO, Norway, April 26, 2021 /PRNewswire/ -- Reference is made to the stock exchange announcement by Elkem ASA (" Elkem" or the " Company") earlier today regarding a contemplated private placement of up to approx. 56.5 million new shares (the " New Shares") in the Company (the " Private Placement"). The Company is pleased to announce that the Private Placement has been successfully completed, raising approximately NOK 1,891 million in gross proceeds to the Company through the allocation of 56,456,034 New Shares at a price of NOK 33.50 per New Share. The Private Placement took place through an accelerated bookbuilding process managed by ABG Sundal Collier ASA ("