DLT (DLTx)

[Kronn]

Skulle vert fullastet med ele nå sansynelgivs, eg kjøpte noen få idag, faktisk som en av dei første som kjøpte ele idag, men dog ett lavt antall så ikke helt det store lell

[Kronn]

Skulle ikke ele til hundre da ?

[cagey2]

Selskapet er jo fortsatt en stor scam, har vel ikke endret seg det…?

[Plumbo]

Bare humbug.

[Kronn]

Mye penger i humbug om man treffer rette svingene

[Plumbo]

Jepp det er d

[TekBot]

Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein.
European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) has on 28 October 2019 sold 1,196,502 shares in Element.
Following the transaction EHGO holds (i) 3,612,651 shares in Element (including 287,500 shares which are borrowed, refer to the below), equal to 19.24% of the registered share capital (the Share Capital”), (ii) 100,000 convertible notes convertible to 26,316 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 0.14% of the Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 9.09% of the Share Capital.
…

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Furthermore, EHGO has an obligation to redeliver 287,500 borrowed shares in Element pursuant to loan agreements with Legacy Hill Resources Ltd and Element, as disclosed on 18 March 2019.
Following receipt of the New Shares, EHGO’s total holding of shares and rights to shares (through warrants to shares) will make up 5,345,604 shares and votes, equal to 28.47% of the Share Capital.
EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 New Shares in Element, equal to 1.65% of the Share Capital.
ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 5,654,971 shares and votes, equal to 30.12% of the Share Capital.
The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 29.34% of the Share Capital of Element.
**
About Alpha Blue Ocean Inc.
Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder. Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars. Alpha Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde

[TekBot]

Share lending arrangement

The Chairman of Element ASA (the “Company”), Thomas Christensen, has through its wholly owned company Easy2Connect AS agreed to lend 400.000 existing tradable shares in the Company to Element ASA.

The background for the share lending is the (i) private placement announced on 14 October 2019 (“Private Placement”) in which the investors in the Private Placement has been allocated 463,333 new shares in the Company on a separate ISIN pending publication of a listing prospectus by the Company, and (ii) the Company’s zero coupon NOK 500 million convertible note facility with attached warrants (the “Convertible Note Facility”) with European High Growth Opportunities Securitization Fund, represented by European High Growth Opportunities Securitization Fund Manco SA (both of which are managed by Alpha Blue Ocean Inc.).
…

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As announced in the notice for an extraordinary general meeting published on 15 May 2018, certain of the contractual penalties against the Company under the Convertible Note Facility cannot be triggered if the Company has procured that there are share lending agreements with Alpha Blue Ocean in place for at least 287,500 shares (adjusted for the share consolidation completed in April 2019) in the Company. The Company and Legacy Hill Resources Ltd has therefore previously lent 180,800 and 106,700 shares respectively to Alpha Blue Ocean (in total 287,500 shares). The Company has borrowed the mentioned 180,800 shares from certain shareholders in the Company, and certain of such shareholders have requested redelivery of those shares in the Company.

In order to satisfy Element ASA’s obligation to redeliver the shares, and to deliver certain investors in the Private Placement with tradable shares, the Chairman of Element ASA has agreed to lend shares to Element ASA in order for the Company to meet is obligations to the above mentioned investors.

For further information, please contact:

Geir Johansen
CEO
E-mail: gj@elementasa.com
+47 4771 0451

Kilde

[Chrysler300C]

Fikk en fin inngang her idag håpe den drar på videre!

[TekBot]

Element ASA: Finansielle resultater for tredje kvartal 2019

OSLO (NORGE) – 29. NOVEMBER 2019: ELEMENT ASA (ELEMENT, OSE:ELE) OFFENTLIGGJØR I DAG RAPPORTEN FOR TREDJE KVARTAL 2019.

Hovedoverskriftene for andre kvartal:
…

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• Netto resultat etter skatt fra pågående virksomhet i kvartalet var USD -1,0 millioner, noe som er en forbedring på 81% eller USD 4,2 millioner sammenlignet med samme kvartal i 2018.
• Netto tap inkludert nedskrivning virksomhet på Filippinene var USD -2,7 millioner.
• Driftsunderskuddet var USD -0,8 millioner, som er en forbedring på 42% sammenlignet med samme kvartal i 2018 og en forbedring på USD 0,2 millioner sammenlignet med forrige kvartal.
• Netto finanskostnad var USD -0,25 dollar, en forbedring på 3,7 millioner dollar målt mot samme kvartal 2018.
• I august kjøpte Element selskapet PALCapital Ventures Inc. og utstedte 2 650 000 nye aksjer som oppgjør for transaksjonen.

Styrets rapport er vedlagt.

Geir Johansen
CEO
E-mail: gj@elementasa.com
+47 4771 0451

Thomas Christensen
Chairman
+47 9225 5444

www.elementasa.com

Kilde

[Nocturne]

Det er helt utrolig at de enda er på børs…

[TekBot]

ELEMENT ASA: TERMINATION OF ABO FACILITY

(Oslo, Norway, 10 December, 2019) Element ASA (Element, OSE: ELE) has entered into a settlement and termination agreement with European High Growth Opportunities Securitization Fund (EHGO) and Alpha Blue Ocean Inc. (ABO). The agreement provides full control and flexibility for any future funding initiatives and will accelerate the implementation of the investment strategy.

“We´re pleased to announce this important agreement with ABO, representing one of the final steps in the restructuring of the company towards a focused digital strategy. This termination agreement provides the company with full control of the capital structure, avoiding any uncontrolled dilution that has limited the company´s strategic alternatives. Element will now continue the process of restructure and divesting remaining mining assets and implement the new digital strategy, “ says Geir Johansen, Chief Executive Officer of Element.
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In May 2018 Element entered into an agreement with EHGO, for the issuance of loan notes and warrants convertible into new Element shares, in addition to a share lending agreement with Alpha Blue Ocean Inc.

Element has today signed an agreement to terminate both the issuance agreement and the share lending agreement. This implies that Element can no longer make drawdowns on its NOK 500 million convertible note facility and that ABO will re-deliver 180,800 shares in Element which ABO previously had borrowed, to the company. Further, EHGO will no longer be entitled to require that the company issues new convertible notes in the amount of up to NOK 25 million. All shares and warrants in Element held by EHGO and/or ABO will remain owned by them and may be disposed of as EHGO and ABO see fit.

“This agreement is a vital part of the new board and management´s restructuring strategy. We have been in a constructive dialogue with ABO and have reached an agreement in the best interest of all parties concerned. We will continue to implement our communicated strategy of selling or restructuring non-core assets and to refocus our resources toward digital initiatives in close cooperation with James Haft, “says Thomas Christensen, Chairman of Element.

Pierre Vannineuse, the founder of Alpha Blue Ocean, said, “We believe in supporting the management teams of the businesses in which we invest through constructive engagement. This agreement is in that spirit and demonstrates our commitment to positive outcomes for all parties.

As part of the agreement, Element has agreed to pay a lump sum termination fee of NOK 2.6 million as final settlement for the termination of the agreements. Element will also work towards issuing a listing prospectus to enable the admission to trading of 5,902,684 shares, including the 2,789,351 shares issued to ABO in August and October 2019 as soon as reasonably possible, and it is expected that this will be in place prior to 31 January 2020.

For further information, please contact:

Geir Johansen
CEO
E-mail: gj@elementasa.com
+47 4771 0451

Thomas Christensen
Chairman
+47 9225 5444

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

ELEMENT ASA: TERMINERING AV ABO-FASILITET

(Oslo, Norway, 10. desember, 2019) Element ASA (Element, OSE: ELE) har inngått en avtale med European High Growth Opportunities Securitization Fund (EHGO) og Alpha Blue Ocean Inc. (ABO) om terminering og oppgjør av en tidligere inngått avtale. Den nye avtalen gir full kontroll og fleksibilitet for ethvert fremtidig finansieringsinitiativ og vil bidra til å akselerere implementeringen av investeringsstrategien til Element.

• Vi er glade for å offentliggjøre denne viktige avtalen med ABO, noe som representerer ett av de siste skrittene i restruktureringen av selskapet mot en fokusert digital strategi. Termineringen av avtalen gir selskapet full kontroll over kapitalstrukturen og man unngår en ukontrollert utvanning som har begrenset selskapets strategiske alternativer. Element vil nå fortsette prosessen med å restrukturere og selge gjenstående gruveinvesteringer og implementere den nye digitale strategien,
  …

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sier Geir Johansen, administrerende direktør i Element.

Element inngikk i mai 2018 en avtale med EHGO for utstedelse av kortsiktige lån og warrants som kan konverteres til nye Element-aksjer, i tillegg til en aksjelånsavtale med Alpha Blue Ocean Inc.

Element har i dag inngått en avtale som terminerer både utstedelsesavtalen og aksjelånsavtalen. Avtalen innebærer at Element ikke lenger kan trekke på den konvertible lånefasiliteten på NOK 500 millioner, samtidig som ABO vil tilbakeføre 180,800 aksjer i Element som selskapet tidligere hadde lån ut. Videre vil EHGO ikke lenger kunne kreve at selskapet utsteder nye konvertible lån for inntil NOK 25 millioner. Alle aksjene og warrants som EHGO og, eller ABO, har i selskapet vil forbli deres og kan avhendes som de ønsker.

• Avtalene er en sentral del av restruktureringsstrategien til det nye styret og den nye ledelsen. Vi har vært i en konstruktiv dialog med ABO og har nådd en avtale som er til de beste for alle involverte parter. Vi vil fortsette å implementere vår kommuniserte strategi hvor vi selger, eller restrukturerer det som ikke er kjernevirksomhet og fokuserer våre ressurser mot digitale initiativ i tett samarbeid med James Haft, sier Thomas Christensen, styreleder i Element.

• Vi tror på å støtte lederteamene i selskapene vi investerer i gjennom konstruktivt samarbeid. Avtalen gjenspeiler denne filosofien og viser det ansvar vi tarfor å finne gode løsninger for alle parter, sier Pierre Vannineuse, grunnlegger av Alpha Blue Ocean.

Som en del av avtalen vil Element betale en engangssum på NOK 2,6 millioner som et endelig termineringsoppgjør for å avslutte avtalene. Element vil også utarbeide et prospekt som skal muliggjøre handel av 5,902,684 aksjer, inklusive 2,789,351 aksjer som ble utstedt til ABO i august og oktober 2019 så raskt som mulig. Prosessen ventes å være sluttført før 31. januar 2020.

For ytterligere informasjon, vennligst kontakt:

Geir Johansen
Adm.dir
E-mail: gj@elementasa.com
+47 4771 0451

Thomas Christensen
Styreleder
+47 9225 5444

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Kronn]

Tok ele i full fart på den

[morris]

Har ventet på denne en stund Var inne heldigvis. Satser på en brukbar julebonus

[Kronn]

Spennende hva skjerfet gjør med aksjene sine, skal vel ut eller kommer det noen å tar blokken?

[morris]

Vi får se, prøver å holde roen!

[Arodin]

Hadde snitt på over 50 men fikk snittet ned og kom meg ut i pluss nå, aldri mer ELE.

[cagey2]

Litt av et lettelsesrally dette. Sikkert god nyhet. Men hva skal de tjene penger på igjen? Digital gruvedrift, lol…

[TekBot]

Disclosure of shares and rights to shares in Element ASA (“Element”) (flagging)

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein. Reference is further made to the announcement made on 10 December 2019 regarding the cancellation of the facility agreement with Element.

European High Growth Opportunities Securitization Fund represented by European High Growth Opportunities Securitization Fund Manco SA (“EHGO”) has on 10 December 2019 sold 18o,ooo shares in Element and re-delivered 180,800 shares borrowed shares.
…

Vis børsmeldingen

Following the transaction EHGO holds (i) 2,722,538 shares in Element (including 106,700 shares which are borrowed, refer to the below, as well as 2,608,551 non-tradable shares on separate ISIN pending approval of prospectus), equal to 14.50% of the registered share capital (the Share Capital”), (ii) 100,000 convertible notes convertible to 27,027 shares in Element (as at today’s conversion price, but adjustable if the conversion price is adjusted at the time of conversion), equal to 0.14% of the Share Capital and (iii) 1,706,637 warrants giving the right to 1,706,637 shares in Element, equal to 9.09% of the Share Capital.

Furthermore, EHGO has an obligation to redeliver 106,700 borrowed shares in Element pursuant to loan agreement with Legacy Hill Resources Ltd, as disclosed on 18 March 2019.

EHGO’s total holding of shares and rights to shares (through convertible notes and warrants to shares) will make up 4,456,202 shares and votes, equal to 23.73% of the Share Capital.

EHGO is a fund managed by Alpha Blue Ocean Inc. (“ABO”). ABO owns 309,368 warrants in Element giving the right to 309,368 New Shares in Element, equal to 1.65% of the Share Capital.

ABO’s total holding of shares and rights to shares (based on convertible notes, warrants and borrowed shares) on a consolidated basis, make up 4,765,570 shares and votes, equal to 25.38% of the Share Capital.

The disclosure regulation (flaggereglene) requires that the disclosure thresholds regarding rights to shares (i.e. notes and warrants) are calculated on the basis of the share capital of the issuer at the time of disclosure and do not give the correct view taking into account the situation at the time of conversion/exercise of rights to shares. On a fully diluted basis, taking into account all share issuances pursuant to convertible bonds and warrants, ABO’s consolidated holding of shares and rights to shares will amount to 24.60% of the Share Capital of Element.

**

About Alpha Blue Ocean Inc.
Alpha Blue Ocean Inc. is an international business company incorporated under the laws of the Republic of Seychelles, represented by Mr. Pierre Vannineuse. Mr. Pierre Vannineuse is the sole shareholder. Alpha Blue Ocean Inc. is a member of the Blue Ocean Investment Group. Alpha Blue Ocean Inc. was created by Pierre Vannineuse and manages an asset portfolio of around 300 million dollars. Alpha Blue Ocean specializes in providing flexible, innovating and non-invasive debt and capital financing arrangements to listed companies throughout the world and in various sectors such as healthcare, energy, mining and high tech. Alpha Blue Ocean Inc. has offices in London and Geneva.

Kilde