Ensurge Micropower ASA - Grant of Incentive Subscription Rights
On October 26, 2021, Ensurge Micropower ASA's board approved the issuance of 7,020,000 incentive subscription rights to employees under its 2021 plan. The rights have an exercise price of NOK 0.6873 per share, vesting by 50% annually over two years, and expiring on June 3, 2026. With this issuance, a total of 198,149,369 subscription rights are currently outstanding. This move aims to enhance employee incentives and align their interests with shareholders.
- Issuance of 7,020,000 incentive subscription rights aligns employee interests with shareholders.
- The subscription rights have a long validity period, expiring in June 2026.
- None.
Oslo, 26 October 2021
The board of directors of Ensurge Micropower ASA (the "Company") resolved on 26 October 2021 to issue a total of 7,020,000 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 0.6873 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
What is the purpose of the incentive subscription rights issued by Ensurge Micropower ASA?
What is the exercise price for the new subscription rights by Ensurge Micropower ASA?
When do the subscription rights issued by Ensurge Micropower ASA expire?
How many total subscription rights are outstanding after the recent issuance?
