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Ensurge Micropower ASA - Approval of share capital increase by conversion of convertible loan

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Ensurge Micropower ASA announced the approval of a share capital increase through the conversion of a convertible loan. A lender holding NOK 1,500,000 of the total NOK 4,500,000 convertible loan has exercised their conversion rights, including accrued interest, at a conversion price of NOK 0.5250 per share. This conversion results in the issuance of 3,003,131 new shares. Following registration, the company's share capital will be NOK 350,114,738.50, divided into 700,229,477 shares, each with a par value of NOK 0.50.

Ensurge Micropower ASA ha annunciato l'approvazione di un aumento di capitale attraverso la conversione di un prestito convertibile. Un prestatore, detentore di NOK 1.500.000 dell'importo totale di NOK 4.500.000 del prestito convertibile, ha esercitato i propri diritti di conversione, inclusi gli interessi maturati, a un prezzo di conversione di NOK 0,5250 per azione. Questa conversione porta all'emissione di 3.003.131 nuove azioni. A seguito della registrazione, il capitale sociale dell'azienda sarà di NOK 350.114.738,50, suddiviso in 700.229.477 azioni, ciascuna con un valore nominale di NOK 0,50.

Ensurge Micropower ASA anunció la aprobación de un aumento de capital a través de la conversión de un préstamo convertible. Un prestamista que posee NOK 1.500.000 del total de NOK 4.500.000 del préstamo convertible ha ejercido sus derechos de conversión, incluidos los intereses devengados, a un precio de conversión de NOK 0,5250 por acción. Esta conversión resulta en la emisión de 3.003.131 nuevas acciones. Tras el registro, el capital social de la compañía será de NOK 350.114.738,50, dividido en 700.229.477 acciones, cada una con un valor nominal de NOK 0,50.

Ensurge Micropower ASA는 전환 가능한 대출을 통한 자본금 증가 승인을 발표했습니다. 총 NOK 4,500,000의 전환 가능한 대출 중 NOK 1,500,000를 보유한 대출자가 이자와 함께 전환 권리를 행사했으며, 전환 가격은 주당 NOK 0.5250입니다. 이 전환으로 인해 3,003,131주의 신규 주식이 발행됩니다. 등록 후 회사의 자본금은 NOK 350,114,738.50가 되며, 이는 700,229,477주로 나뉘며 각 주식의 액면가는 NOK 0.50입니다.

Ensurge Micropower ASA a annoncé l'approbation d'une augmentation de capital par la conversion d'un prêt convertible. Un prêteur détenant 1 500 000 NOK du total de 4 500 000 NOK du prêt convertible a exercé ses droits de conversion, y compris les intérêts courus, à un prix de conversion de 0,5250 NOK par action. Cette conversion entraîne l'émission de 3 003 131 nouvelles actions. Suite à l'enregistrement, le capital social de l'entreprise sera de 350 114 738,50 NOK, divisé en 700 229 477 actions, chacune ayant une valeur nominale de 0,50 NOK.

Ensurge Micropower ASA gab die Genehmigung einer Erhöhung des Grundkapitals durch die Umwandlung eines Wandelkredits bekannt. Ein Kreditgeber, der NOK 1.500.000 des Gesamtbetrags von NOK 4.500.000 des wandelbaren Darlehens hält, hat sein Umwandlungsrecht ausgeübt, einschließlich der aufgelaufenen Zinsen, zu einem Umwandlungspreis von NOK 0,5250 pro Aktie. Diese Umwandlung führt zur Emission von 3.003.131 neuen Aktien. Nach der Registrierung wird das Grundkapital des Unternehmens NOK 350.114.738,50 betragen und sich auf 700.229.477 Aktien verteilen, wobei jede Aktie einen Nennwert von NOK 0,50 hat.

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  • Share dilution due to conversion of NOK 1.5M convertible loan into 3,003,131 new shares

Oslo, 10 November 2024 

Reference is made to the Extraordinary General Meeting in the Company on 10 November 2023, which resolved to issue convertible loans with a total par value of NOK 4,500,000(the “Convertible Loan), whereby the Convertible Loan, 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.

A lender of a total principal amount of NOK 1,500,000 of such Convertible Loan 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 10 November 2024 to approve the conversion of a convertible loan in the principal amount of NOK 1,500,000, plus accrued interest, and the resulting issuance of a total of 3,003,131 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 350,114,738.50 divided into 700,229,477 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 conversion price per share for Ensurge Micropower's (ENMPY) convertible loan in November 2024?

The conversion price for Ensurge Micropower's convertible loan is NOK 0.5250 per share.

How many new shares will be issued by Ensurge Micropower (ENMPY) from the November 2024 convertible loan conversion?

Ensurge Micropower will issue 3,003,131 new shares from the conversion of the NOK 1.5M convertible loan plus accrued interest.

What will be Ensurge Micropower's (ENMPY) total share capital after the November 2024 convertible loan conversion?

After the conversion, Ensurge Micropower's share capital will be NOK 350,114,738.50, divided into 700,229,477 shares.

ENSURGE MICROPOWER S/ADR

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