Ensurge Micropower ASA - Disclosure of Large Shareholdings

Rhea-AI Summary

Ensurge Micropower ASA announces a successful private placement of shares, raising approximately NOK 48.4 million. Andreas Holding AS discloses ownership of 6.03% of the Company's shares.

Positive

• Ensurge Micropower ASA successfully raised NOK 48.4 million through a private placement of shares.
• Andreas Holding AS now owns 6.03% of the Company's total number of outstanding shares.

Negative

• None.

This disclosure is sent on behalf of a certain large shareholder in Ensurge Micropower ASA (the "Company").

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 15 June 2023 regarding a successful private placement of shares ("Private Placement"), through an allocation of 74,422,849 new shares in Tranche 1 and an allocation of 409,817,412 new shares in Tranche 2, for total gross proceeds (i.e. both tranches) of approximately NOK 48.4 million.

Having been issued 15,368,992 new shares in Tranche 1 on 20 June 2023, Andreas Holding AS discloses the following information pursuant to Section 4-2 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations: 

Andreas Holding AS owns 49,368,992 shares, representing 6.03% of the Company's total number of outstanding shares. Prior to the issuance of the shares in Tranche 1, Andreas Holding AS owned 34,000,000 shares, representing 4.56% of the Company’s total number of outstanding shares at such time. 

The disclosure obligation was triggered by Andreas Holding AS crossing above the 5% threshold of total number of voting rights and shares in Ensurge Micropower ASA.

FAQ

What was the purpose of the private placement?

The private placement was conducted to raise funds for Ensurge Micropower ASA.

How much money was raised through the private placement?

Approximately NOK 48.4 million was raised through the private placement.

What is the current ownership percentage of Andreas Holding AS?

Andreas Holding AS currently owns 6.03% of the Company's total number of outstanding shares.

What triggered the disclosure obligation for Andreas Holding AS?

The disclosure obligation was triggered by Andreas Holding AS crossing above the 5% threshold of total number of voting rights and shares in Ensurge Micropower ASA.