Notification 4 February 2020

Date and place:

Elkem ASA will host its annual general meeting on 8 May 2020 at 09:00 (CET) at Felix Conference Centre, Bryggetorget 3, Vika in Oslo.

Items for the agenda:

Shareholders have the right to ask for items included in the agenda of the annual general meeting, provided that each such item is forwarded in writing to the board of directors, together with a draft resolution or a justification as to why the item should be included in the agenda.  Any request have to be filed with the board of directors 28 days prior to the annual general meeting at the latest.

Shareholders registered in the VPS register by a nominee:

If shares are registered by a nominee in the VPS register, cf. section 4-10 (1) of the Norwegian Public Limited Liability Companies Act, and the beneficial shareholder wishes to vote for his/her shares, then the shares must be reregistered in a separate VPS account in his/her own name prior to the general meeting.

Nominations for the board of directors:

Shareholders are entitled to propose candidates for the board of directors and for the nomination committee.  Proposals may be submitted by sending an e-mail to the chairman of the nomination committee, see below.  Proposals must be received by 24 February 2020 to be considered for the election at Elkem’s annual general meeting.

Proposals must contain the following information:

  • Full name of the candidate;
  • Contact details of the candidate;
  • Grounds for the proposal, including information about relevant experience, professional qualifications and other relevant information for their candidature; and
  • The proposing person’s full name, contact information and the proposing person’s shareholding in Elkem ASA.

The nomination committee consists of Sverre S. Tysland (chairman), Olivier Tillette de Clermont-Tonnerre and Anne Kjølseth Ekerholt.  Proposals are to be sent to the chairman at e-mail address: sverre.tysland@gmail.com .

According to the instructions for the nomination committee the nomination of candidates for election of members, including chairperson, to the board of directors should take into account inter alia:

(i)     the board of directors should be composed in such a way as to maintain the interests of the shareholders and the company’s need for competence and diversity; and

(ii)    the board of directors must function well as a collegiate body.