Ensurge Micropower ASA - Disclosure of Large Shareholding

Rhea-AI Summary

Ensurge Micropower ASA announced a significant share lending transaction involving Alden AS, a key shareholder. Following a private placement, Alden AS temporarily disposed of 17,500,000 shares on November 10, 2022. This move reduced Alden AS's holdings from 23,679,132 shares (10.92%) to 6,179,132 shares (2.85%). Consequently, Alden AS now holds 2.85% of the total shares and voting rights in the Company. This transaction highlights the evolving shareholder dynamics and may influence market perceptions of Ensurge Micropower's stability.

Positive

• Alden AS remains a significant shareholder with a 2.85% stake after the share lending.

Negative

• Alden AS's shareholding reduced from 10.92% to 2.85%, indicating potential dilution.

This disclosure is sent on behalf of Alden AS, a shareholder in Ensurge Micropower ASA (the "Company").

Reference is made to the announcement by the Company on 8 November 2022 regarding a completed private placement in the Company, and further reference is made to the description in the announcement relating to the share lending agreement between the Company, the managers and Alden AS, pursuant to which Alden AS has agreed to the lending of shares in connection with the private placement.   

As a result of the share lending, Alden AS discloses the following information pursuant to Section 4-2 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations: 

On 10 November 2022, following execution of the share loan, and the subsequent temporary disposal of 17,500,000 shares in the Company, Alden AS’ holdings of shares went from 23,679,132 shares (10.92%) to 6,179,132 shares (2.85%). 

Following the temporary disposal of shares, Alden AS’ holdings represent 2.85% of the outstanding shares and votes in the Company. 

FAQ

What happened to Alden AS's shares in Ensurge Micropower ASA on November 10, 2022?

Alden AS temporarily disposed of 17,500,000 shares, reducing its holding from 10.92% to 2.85%.

What is the current ownership percentage of Alden AS in Ensurge Micropower ASA?

Alden AS currently holds 2.85% of the outstanding shares and votes in Ensurge Micropower ASA.

What was the purpose of the share lending agreement mentioned in the Ensurge Micropower ASA press release?

The share lending agreement was made in connection with a completed private placement.

How many shares did Alden AS hold before the share transaction on November 10, 2022?

Before the transaction, Alden AS held 23,679,132 shares.