Ensurge Micropower ASA - Disclosure of Large Shareholdings

Rhea-AI Summary

Ensurge Micropower ASA announced that large shareholder Robert Napier Keith will receive 53,636,362 shares after exercising Warrants B. This issuance of shares follows the company's previous announcement of 195,860,558 new shares approved on August 25, 2021. Post-conversion, Keith's stake will increase to 18.45%, totaling 322,212,062 shares. The disclosure follows Section 4-2 of the Norwegian Securities Trading Act, highlighting a significant change in shareholding dynamics within the company.

Positive

• Robert Napier Keith's shareholding increases to 18.45%, signaling strong investment confidence.
• The conversion of warrants enhances liquidity and capital structure of the company.

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 the Company on 25 August 2021 regarding the approval of warrant exercises and the subsequent issuance of 195,860,558 new shares following registration in the Norwegian Register of Business Enterprises. Due to the exercise of Warrants B and the issuance of new shares in the Company, a certain large shareholder discloses the following information pursuant to Section 4-2 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations.

Robert Napier Keith will be issued 53,636,362 shares by conversion of the equal amount of Warrants B. Following the conversion, the shareholding of Robert Napier Keith will represent 18.45% of the Company's total number of outstanding shares, holding a total of 322,212,062 shares in the Company. Following the conversion, Robert Napier Keith will not own any unexercised warrants in the Company. All shares and other rights to shares combined will represent 18.45% of the Company's total number of outstanding shares.

The threshold being passed is the percentage of outstanding shares and other rights to shares combined.

27 August 2021
Ensurge Micropower ASA

FAQ

What percentage of shares does Robert Napier Keith own in Ensurge Micropower ASA as of August 2021?

As of August 2021, Robert Napier Keith owns 18.45% of Ensurge Micropower ASA's total outstanding shares.

What was the total number of new shares issued by Ensurge Micropower ASA announced on August 25, 2021?

Ensurge Micropower ASA announced the issuance of 195,860,558 new shares on August 25, 2021.

What is the significance of the warrant exercises for Ensurge Micropower ASA?

The warrant exercises resulted in a significant increase in shareholding for Robert Napier Keith, reflecting investor confidence and impacting the company's capital structure.

How many shares does Robert Napier Keith hold after the conversion of Warrants B?

After the conversion of Warrants B, Robert Napier Keith holds a total of 322,212,062 shares in Ensurge Micropower ASA.

What compliance regulations did Ensurge Micropower ASA follow with the share issuance?

The share issuance was disclosed in accordance with Section 4-2 of the Norwegian Securities Trading Act.