Ensu – Ex. reverse Share Split Today

Rhea-AI Summary

Ensurge Micropower ASA has announced details regarding a reverse share split, approved by its Extraordinary General Meeting on 24 February 2022. The reverse share split will become effective on 16 March 2022. This corporate action reflects the company's strategy to enhance its stock value and improve market perception. Further inquiries can be directed to investor relations via Ståle Bjørnstad or CEO Kevin Barber. This announcement adheres to the Continuing Obligations of the Euronext Oslo Børs.

Positive

• The reverse share split may enhance stock value and market perception.

Negative

• None.

Reference is made to the reverse share split that was approved by the Extraordinary General Meeting of Ensurge Micropower ASA (the “Company”) on 24 February 2022.

Issuer name: Ensurge Micropower ASA
Ex. date: 16 March 2022
Type of corporate action: Reverse share split

For further information, please contact:

Ståle Bjørnstad - Investor Relations
E-mail: stale.bjornstad@ensurge.com (mailto:stale.bjornstad@ensurge.com)
Phone: +47 99 16 76 72

Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@ensurge.com (mailto:kevin.barber@ensurge.com)

This information is published in accordance with the requirements of the Continuing Obligations in Euronext Oslo Børs Rule Book II.

FAQ

What is the reverse share split date for ENMPY?

The reverse share split for Ensurge Micropower ASA (ENMPY) will take effect on 16 March 2022.

Why did Ensurge Micropower ASA approve a reverse share split?

Ensurge Micropower ASA approved the reverse share split to enhance its stock value and improve market perception.

When was the reverse share split approved for ENMPY?

The reverse share split for Ensurge Micropower ASA was approved on 24 February 2022.