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Ensurge Micropower ASA - Disclosure of Large Shareholdings

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Ensurge Micropower ASA announced a disclosure by shareholder Robert Napier Keith following the company's recent Private Placement of 500 million new shares. After the allocation, Keith's shareholding dropped to 11.64%, totaling 86,642,557 shares, marking a significant shift in his voting rights and ownership. This disclosure was mandated as Keith fell below the 15% threshold of total voting rights in the company. The announcement aligns with the requirements of the Norwegian Securities Trading Act, reflecting changes in major shareholder positions.

Positive
  • Robert Napier Keith's shareholding currently stands at 11.64%, indicating a substantial stake in the company.
Negative
  • Robert Napier Keith's shareholding has decreased from over 15%, indicating reduced influence over company decisions.

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

Reference is made to the announcement by the Company on 14 March 2023 regarding the approval of the Private Placement of 500,000,000 new shares by the Extraordinary General Meeting. Having been allocated new shares in the Private Placement, Robert Napier Keith discloses the following information pursuant to Section 4-2 and Section 4-3 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations.

After the issuance of new shares in the Private Placement, and upon registration of the Private Placement in the Norwegian Register of Business Enterprises and subsequent delivery of shares, the shareholding of Robert Napier Keith will represent 11,64 % of the Company's total number of outstanding shares, holding a total of 86.642.557 shares in the Company. 

The disclosure obligation was triggered by Robert Napier Keith crossing below the 15 % threshold of total number of voting rights and shares in Ensurge Micropower ASA.

15 March 2023

Ensurge Micropower ASA


FAQ

What is the significance of Robert Napier Keith's shareholding in Ensurge Micropower ASA?

Robert Napier Keith's stake now represents 11.64%, down from over 15%, which reduces his influence in company voting.

How many shares does Robert Napier Keith hold in Ensurge Micropower ASA?

Robert Napier Keith holds a total of 86,642,557 shares in Ensurge Micropower ASA.

What triggered the disclosure by Robert Napier Keith regarding his shareholding?

The disclosure was triggered as Keith's shareholding fell below the 15% voting rights threshold after the recent Private Placement.

When was the Private Placement of shares approved by Ensurge Micropower ASA?

The Private Placement of 500 million new shares was approved by the Extraordinary General Meeting on 14 March 2023.

ENSURGE MICROPOWER S/ADR

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