Elkem announces merger of subsidiary Elkem Testvirksomhet AS

Oslo, Norway – The boards of directors Elkem ASA (“Elkem”) and its wholly owned subsidiary Elkem Testvirksomhet AS (formerly known as REC Solar Norway AS) have entered into a merger plan for the merger of Elkem Testvirksomhet AS (as the non-surviving entity) and Elkem (as the surviving entity). At completion of the merger, Elkem will acquire all assets and rights and assume all obligations of Elkem Testvirksomhet AS, and at the same time, Elkem Testvirksomhet AS will be dissolved as a legal entity.
The merger is concluded on the basis of the simplified merger procedure for parent/subsidiary mergers set out in section 13-24 of the Norwegian Public Limited Liability Companies Act.
Elkem will today send the enclosed information letter on the merger to its shareholders. The merger plan and the companies’ annual accounts, annual reports and auditor’s report for the last three financial years will be available at Elkem’s webpage: www.elkem.com/investor/reports-and-presentations/.
This information is subject to the disclosure requirements pursuant to sections 4.2.4 and 4.6.1 of Oslo Rule Book II – Issuer Rules, cf. section 5-12 of the Norwegian Securities Trading Act.