Ensurge Micropower ASA - Approval of share capital increase by conversion of convertible loan
Ensurge Micropower ASA has approved a share capital increase through the conversion of a convertible loan. This decision follows the Extraordinary General Meeting held on 10 November 2023, which extended the maturity date and amended conversion terms for existing convertible loans. A lender holding a principal amount of NOK 1,000,000 in convertible loans has requested conversion into shares at a price of NOK 0.5250 per share. The Board approved this conversion on 24 July 2024, resulting in the issuance of 2,091,063 new shares. Upon registration of this share capital increase, Ensurge's total share capital will be NOK 309,997,136, divided into 619,994,272 shares, each with a par value of NOK 0.50.
Ensurge Micropower ASA ha approvato un aumento di capitale sociale attraverso la conversione di un prestito convertibile. Questa decisione segue l'Assemblea Generale Straordinaria tenutasi il 10 novembre 2023, che ha prorogato la data di scadenza e modificato le condizioni di conversione per i prestiti convertibili esistenti. Un creditore che detiene un importo principale di NOK 1.000.000 in prestiti convertibili ha richiesto la conversione in azioni a un prezzo di NOK 0,5250 per azione. Il Consiglio ha approvato questa conversione il 24 luglio 2024, portando all'emissione di 2.091.063 nuove azioni. Con la registrazione di questo aumento di capitale, il capitale sociale totale di Ensurge sarà di NOK 309.997.136, suddiviso in 619.994.272 azioni, ognuna con un valore nominale di NOK 0,50.
Ensurge Micropower ASA ha aprobado un aumento de capital social mediante la conversión de un préstamo convertible. Esta decisión sigue a la Junta General Extraordinaria celebrada el 10 de noviembre de 2023, que extendió la fecha de vencimiento y modificó los términos de conversión para los préstamos convertibles existentes. Un prestatario que tiene un monto principal de NOK 1,000,000 en préstamos convertibles ha solicitado la conversión en acciones a un precio de NOK 0.5250 por acción. La Junta aprobó esta conversión el 24 de julio de 2024, resultando en la emisión de 2,091,063 nuevas acciones. Con el registro de este aumento de capital, el capital social total de Ensurge será de NOK 309,997,136, dividido en 619,994,272 acciones, cada una con un valor nominal de NOK 0.50.
Ensurge Micropower ASA는 전환사채를 통한 자본금 증가를 승인했습니다. 이 결정은 2023년 11월 10일 열린 임시 총회에 따라 이루어졌으며, 그 회의에서 기존 전환사채의 만기일이 연장되고 전환 조건이 수정되었습니다. 전환사채 1,000,000 NOK를 보유한 대출자가 주식으로의 전환을 요청했습니다 주당 0.5250 NOK의 가격으로. 이 전환은 2024년 7월 24일 이사회의 승인을 받아 2,091,063주의 새로운 주식이 발행되었습니다. 이 자본금 증가의 등록이 완료되면, Ensurge의 총 자본금은 309,997,136 NOK에 이르며, 619,994,272주로 나뉘어 있습니다, 각 주식의 액면가는 0.50 NOK입니다.
Ensurge Micropower ASA a approuvé une augmentation de capital par la conversion d'un prêt convertible. Cette décision fait suite à l'Assemblée Générale Extraordinaire qui s'est tenue le 10 novembre 2023, qui a prolongé la date d'échéance et modifié les conditions de conversion pour les prêts convertibles existants. Un prêteur détenant un montant principal de 1 000 000 NOK en prêts convertibles a demandé la conversion en actions à un prix de 0,5250 NOK par action. Le Conseil a approuvé cette conversion le 24 juillet 2024, ce qui a entraîné l'émission de 2 091 063 nouvelles actions. Après l'enregistrement de cette augmentation de capital, le capital social total d'Ensurge sera de 309 997 136 NOK, réparti en 619 994 272 actions, chacune ayant une valeur nominale de 0,50 NOK.
Ensurge Micropower ASA hat eine Erhöhung des Grundkapitals durch die Umwandlung eines Wandeldarlehens genehmigt. Diese Entscheidung folgt der außerordentlichen Hauptversammlung, die am 10. November 2023 stattfand, und die das Fälligkeitsdatum verlängerte und die Umwandlungsbedingungen für bestehende Wandeldarlehen änderte. Ein Kreditgeber, der einen Hauptbetrag von 1.000.000 NOK an Wandeldarlehen hält, hat die Umwandlung in Aktien beantragt zu einem Preis von 0,5250 NOK pro Aktie. Der Vorstand genehmigte diese Umwandlung am 24. Juli 2024, was zur Ausgabe von 2.091.063 neuen Aktien führte. Nach der Registrierung dieser Kapitalerhöhung wird das gesamte Grundkapital von Ensurge 309.997.136 NOK betragen, aufgeteilt in 619.994.272 Aktien, jede mit einem Nennwert von 0,50 NOK.
- Conversion of NOK 1,000,000 convertible loan into equity, potentially improving the company's debt-to-equity ratio
- Issuance of 2,091,063 new shares, increasing the company's share capital
- Dilution of existing shareholders' ownership due to the issuance of new shares
Oslo, 25 July 2024
Reference is made to the Extraordinary General Meeting in the Company on 10 November 2023, which resolved to extend the maturity date and amend the conversion terms of certain existing convertible loans, whereby the convertible loans, plus accrued interest, would be convertible into shares prior to the maturity date on 10 November 2024 at a conversion price of NOK 0.5250 per share.
The lender of a total principal amount of NOK 1,000,000 of such convertible loans has provided his notification of conversion to the Company and requested that his convertible loan, plus accrued interest, is converted into shares in the Company.
The Board therefore resolved on 24 July 2024 to approve the conversion of a convertible loan in the principal amount of NOK 1,000,000, plus accrued interest, and the resulting issuance of a total of 2,091,063 new shares in the Company to such lender.
Upon registration of the share capital increase associated with the conversion of the convertible loan in the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 309,997,136 divided into 619,994,272 shares, each having a par value of NOK 0.50.
For more information, please contact:
Lars Eikeland, Chief Executive Officer
E- mail: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
FAQ
What is the new share capital of Ensurge Micropower ASA (ENMPY) after the convertible loan conversion?
How many new shares were issued by Ensurge Micropower (ENMPY) due to the convertible loan conversion?
What was the conversion price for the Ensurge Micropower (ENMPY) convertible loan on July 24, 2024?
When did Ensurge Micropower (ENMPY) hold the Extraordinary General Meeting to extend the maturity date of convertible loans?
