Ensurge Micropower ASA - Grant of Incentive Subscription Rights
On January 11, 2022, the board of directors of Ensurge Micropower ASA approved the issuance of 810,000 incentive subscription rights to employees. This decision is part of the 2021 incentive plan established at the Annual General Meeting on June 3, 2021. The exercise price is set at NOK 0.7001 per share, with rights vesting at 50% annually over two years, expiring June 3, 2026. Post-grant, a total of 192,270,966 subscription rights are outstanding.
- 810,000 incentive subscription rights issued to employees, potentially enhancing employee motivation and retention.
- Subscription rights vesting structure supports long-term value alignment.
- Increased number of subscription rights may lead to dilution of existing shares.
- The exercise price may not incentivize strong performance if market conditions are poor.
Oslo, 12 January 2022
The board of directors of Ensurge Micropower ASA (the "Company") resolved on 11 January 2022 to issue a total of 810,000 incentive subscription rights to employees in the Ensurge group. The grants were made under the Company's 2021 incentive subscription rights plan as resolved at the Annual General Meeting on 3 June 2021. The exercise price of the subscription rights is NOK 0.7001 per share. The subscription rights vest by
Contact
Ståle Bjørnstad - Investor Relations
E-mail: stale.bjornstad@ensurge.com
Phone: +47 99 16 76 72
Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@ensurge.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
FAQ
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