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Ensurge Micropower ASA - Grant of Incentive Subscription Rights

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Ensurge Micropower ASA announced the grant of 210,000 incentive subscription rights to employees, as approved by the Board of Directors on November 11, 2024. The grant falls under the company's 2024 incentive subscription rights plan, established at the Annual General Meeting on May 14, 2024. The exercise price is set at NOK 0.94017 per share, with a two-phase vesting schedule: 50% after one year and the remaining 50% after two years from the grant date.

Ensurge Micropower ASA ha annunciato l'assegnazione di 210.000 diritti di sottoscrizione incentivati ai dipendenti, come approvato dal Consiglio di Amministrazione l'11 novembre 2024. L'assegnazione rientra nel piano di diritti di sottoscrizione incentivati del 2024 dell'azienda, istituito nell'Assemblea Generale Annuale del 14 maggio 2024. Il prezzo di esercizio è fissato a NOK 0,94017 per azione, con un programma di maturazione in due fasi: 50% dopo un anno e il restante 50% dopo due anni dalla data di assegnazione.

Ensurge Micropower ASA anunció la concesión de 210,000 derechos de suscripción incentivada a los empleados, como fue aprobado por la Junta Directiva el 11 de noviembre de 2024. La concesión se enmarca dentro del plan de derechos de suscripción incentivada de la compañía para 2024, establecido en la Asamblea General Anual del 14 de mayo de 2024. El precio de ejercicio se establece en NOK 0.94017 por acción, con un calendario de adquisición en dos fases: el 50% después de un año y el 50% restante después de dos años a partir de la fecha de concesión.

Ensurge Micropower ASA는 직원들에게 210,000개의 인센티브 구독 권리를 부여한다고 발표했습니다. 이는 2024년 11월 11일에 이사회의 승인을 받았습니다. 이 부여는 2024년 5월 14일 열린 연례 총회에서 수립된 회사의 인센티브 구독 권리 계획에 해당합니다. 실행 가격은 NOK 0.94017 per 주로 설정되어 있으며, 두 단계의 분할 일정이 있습니다: 1년 후 50%와 부여일로부터 2년 후 나머지 50% 입니다.

Ensurge Micropower ASA a annoncé l'octroi de 210 000 droits de souscription incitatifs aux employés, tel qu'approuvé par le Conseil d'administration le 11 novembre 2024. Cet octroi s'inscrit dans le cadre du plan 2024 de droits de souscription incitatifs de l'entreprise, établi lors de l'Assemblée Générale Annuelle du 14 mai 2024. Le prix d'exercice est fixé à NOK 0,94017 par action, avec un calendrier d'acquisition en deux phases : 50 % après un an et les 50 % restants après deux ans à partir de la date d'octroi.

Ensurge Micropower ASA hat die Gewährung von 210.000 Anreiz-Subskriptionsrechten an Mitarbeiter angekündigt, die am 11. November 2024 vom Vorstand genehmigt wurde. Die Gewährung fällt unter den Anreiz-Subskriptionsrechteplan des Unternehmens für 2024, der auf der Jahreshauptversammlung am 14. Mai 2024 beschlossen wurde. Der Ausübungspreis beträgt NOK 0,94017 pro Aktie, mit einem zweiphasigen Vesting-Zeitplan: 50% nach einem Jahr und die verbleibenden 50% nach zwei Jahren ab dem Datum der Gewährung.

Positive
  • Implementation of employee incentive program aligning staff interests with company goals
Negative
  • Potential shareholder dilution from 210,000 new subscription rights

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 11 November 2024 to grant a total of 210,000 incentive subscription rights to 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 0.94017 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. 

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 

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 (ENMPY) grant in November 2024?

Ensurge Micropower granted 210,000 incentive subscription rights to employees on November 11, 2024.

What is the exercise price for Ensurge Micropower's (ENMPY) 2024 subscription rights?

The exercise price for the subscription rights is NOK 0.94017 per share.

What is the vesting schedule for Ensurge Micropower's (ENMPY) 2024 subscription rights?

The subscription rights vest in two equal portions: 50% after one year and 50% after two years from the grant date.

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