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Ensurge Micropower ASA - Grant of Incentive Subscription Rights

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Ensurge Micropower ASA has granted 160,000 incentive subscription rights to certain US employees in the Ensurge group. The Board of Directors made this decision on 24 September 2024 under the company's 2024 incentive subscription rights plan, approved at the Annual General Meeting on 14 May 2024. The exercise price is set at NOK 1.0982 per share. The subscription rights will vest in two equal portions: 50% after one year and 50% after two years from the grant date. They will expire on 14 May 2029.

Ensurge Micropower specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class. These innovative batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods.

Ensurge Micropower ASA ha concesso 160.000 diritti di abbonamento incentivati a determinati dipendenti statunitensi del gruppo Ensurge. Il Consiglio di Amministrazione ha preso questa decisione il 24 settembre 2024 nell'ambito del piano di diritti di abbonamento incentivati 2024 dell'azienda, approvato nell'Assemblea Generale Annuale del 14 maggio 2024. Il prezzo di esercizio è fissato a NOK 1.0982 per azione. I diritti di abbonamento matureranno in due porzioni uguali: il 50% dopo un anno e il 50% dopo due anni dalla data di concessione. Scaderanno il 14 maggio 2029.

Ensurge Micropower si specializza nello sviluppo di microbatterie al litio a stato solido ultrafini e flessibili per la classe da 1 a 100 mAh. Queste batterie innovative sono progettate per dispositivi indossabili, sensori connessi e applicazioni IoT. L'impianto di produzione dell'azienda nella Silicon Valley combina tecnologie di processo brevettate con metodi di produzione roll-to-roll.

Ensurge Micropower ASA ha otorgado 160.000 derechos de suscripción incentivados a ciertos empleados estadounidenses del grupo Ensurge. El Consejo de Administración tomó esta decisión el 24 de septiembre de 2024 bajo el plan de derechos de suscripción incentivados 2024 de la empresa, aprobado en la Asamblea General Anual del 14 de mayo de 2024. El precio de ejercicio se fija en NOK 1.0982 por acción. Los derechos de suscripción se devengarán en dos partes iguales: el 50% después de un año y el 50% después de dos años desde la fecha de concesión. Caducarán el 14 de mayo de 2029.

Ensurge Micropower se especializa en el desarrollo de microbaterías de litio sólidas ultrafinas y flexibles para la clase de 1 a 100 mAh. Estas baterías innovadoras están diseñadas para dispositivos portátiles, sensores conectados y aplicaciones IoT. La instalación de fabricación de la empresa en Silicon Valley combina tecnología de procesos patentada con métodos de producción roll-to-roll.

Ensurge Micropower ASA는 Ensurge 그룹의 특정 미국 직원들에게 160,000개의 인센티브 구독 권리를 부여했습니다. 이 결정은 2024년 9월 24일에 회사의 2024년 인센티브 구독 권리 계획에 따라 이루어졌으며, 해당 계획은 2024년 5월 14일의 연례 총회에서 승인되었습니다. 행사 가격주당 NOK 1.0982로 설정되었습니다. 구독 권리는 두 개의 동등한 부분으로 분할되어 발생하며: 첫 해 후 50%, 두 해 후 나머지 50%가 발생합니다. 이 권리는 2029년 5월 14일에 만료될 것입니다.

Ensurge Micropower는 1-100 mAh 클래스 용 초박형 유연성 고체 리튬 마이크로배터리 개발을 전문으로 합니다. 이러한 혁신적인 배터리는 착용 가능한 장치, 연결된 센서 및 IoT 애플리케이션을 위해 설계되었습니다. 실리콘밸리에 위치한 회사의 제조 시설은 특허받은 공정 기술과 롤 투 롤 생산 방법을 결합하고 있습니다.

Ensurge Micropower ASA a accordé 160 000 droits de souscription incitatifs à certains employés américains du groupe Ensurge. Le Conseil d'Administration a pris cette décision le 24 septembre 2024 dans le cadre du plan de droits de souscription incitatifs 2024 de l'entreprise, approuvé lors de l'Assemblée Générale Annuelle du 14 mai 2024. Le prix d'exercice est fixé à NOK 1,0982 par action. Les droits de souscription seront acquis en deux portions égales : 50 % après un an et 50 % après deux ans à compter de la date d'octroi. Ils expireront le 14 mai 2029.

Ensurge Micropower se spécialise dans le développement de microbatteries en lithium à l'état solide ultrafines et flexibles pour la classe 1-100 mAh. Ces batteries innovantes sont conçues pour des dispositifs portables, des capteurs connectés et des applications IoT. L'installation de fabrication de l'entreprise dans la Silicon Valley allie technologie de procédé brevetée et méthodes de production roll-to-roll.

Ensurge Micropower ASA hat bestimmten US-Mitarbeitern der Ensurge-Gruppe 160.000 Anreiz-Abonnementsrechte gewährt. Der Vorstand hat diese Entscheidung am 24. September 2024 im Rahmen des Anreiz-Abonnementsrechteplans 2024 des Unternehmens getroffen, der auf der Jahreshauptversammlung am 14. Mai 2024 genehmigt wurde. Der Ausübungspreis beträgt NOK 1,0982 pro Aktie. Die Abonnementsrechte werden in zwei gleich große Teile aufgeteilt: 50 % nach einem Jahr und 50 % nach zwei Jahren ab dem Datum der Gewährung. Sie verfallen am 14. Mai 2029.

Ensurge Micropower ist auf die Entwicklung von ultrathin, flexiblen Festkörper-Lithium-Mikrobatterien für die Klasse von 1-100 mAh spezialisiert. Diese innovativen Batterien sind für tragbare Geräte, verbundene Sensoren und IoT-Anwendungen konzipiert. Das Produktionswerk des Unternehmens im Silicon Valley vereint patentierte Verfahrenstechnologie mit Roll-to-Roll-Produktionsmethoden.

Positive
  • Grant of 160,000 incentive subscription rights to US employees
  • Innovative microbattery technology for wearable devices and IoT applications
  • State-of-the-art manufacturing facility in Silicon Valley
Negative
  • None.

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 24 September 2024 to grant a total of 160,000 incentive subscription rights to certain US employees in the Ensurge group. The grant was made under the Company's 2024 incentive subscription rights plan, as resolved at the Annual General Meeting on 14 May 2024. The exercise price of the subscription rights is calculated to NOK 1.0982 per share. 

50% of the subscription rights will vest on the one-year anniversary of the date of grant, and the remaining 50% will vest on the two-year anniversary of the date of grant. The subscription rights expire on 14 May 2029.

The subscription rights otherwise follow the terms and conditions of the 2024 subscription rights incentive plan.

About Ensurge Micropower:
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.

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

How many incentive subscription rights did Ensurge Micropower ASA (ENMPY) grant on 24 September 2024?

Ensurge Micropower ASA granted a total of 160,000 incentive subscription rights to certain US employees in the Ensurge group on 24 September 2024.

What is the exercise price for the subscription rights granted by Ensurge Micropower ASA (ENMPY)?

The exercise price of the subscription rights granted by Ensurge Micropower ASA is NOK 1.0982 per share.

When do the subscription rights granted by Ensurge Micropower ASA (ENMPY) expire?

The subscription rights granted by Ensurge Micropower ASA expire on 14 May 2029.

What type of technology does Ensurge Micropower ASA (ENMPY) specialize in?

Ensurge Micropower ASA specializes in developing ultrathin, flexible, reliable, and safe solid-state lithium microbatteries for the 1 to 100 milliampere-hour (mAh) class of devices.

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