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Ensurge Micropower ASA - Grant of Incentive Subscription Rights

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Ensurge Micropower ASA (ENMPY) has granted 11,400,000 incentive subscription rights to US employees/consultants and CEO/CFO Lars Eikeland. The grant, made under the company's 2024 incentive plan, has an exercise price of NOK 1.386 per share. The subscription rights have varying vesting schedules, with the majority vesting over three years. All rights expire on May 14, 2029.

Ensurge specializes in developing ultrathin, flexible solid-state lithium microbatteries for wearable devices, connected sensors, and IoT applications. The company's innovative technology aims to enable energy-dense rechargeable products ideal for form-factor-constrained applications in the 1-100 mAh class.

Ensurge Micropower ASA (ENMPY) ha concesso 11.400.000 diritti di sottoscrizione come incentivo a dipendenti/consulenti statunitensi e al CEO/CFO Lars Eikeland. La concessione, effettuata nell'ambito del piano di incentivi 2024 dell'azienda, ha un prezzo di esercizio di NOK 1.386 per azione. I diritti di sottoscrizione hanno diversi piani di maturazione, con la maggior parte che matura nell'arco di tre anni. Tutti i diritti scadono il 14 maggio 2029.

Ensurge si specializza nello sviluppo di microbatterie al litio solid-state, ultrafini e flessibili per dispositivi indossabili, sensori connessi e applicazioni IoT. La tecnologia innovativa dell'azienda mira a consentire prodotti ricaricabili ad alta densità energetica, ideali per applicazioni con vincoli di forma nella classe 1-100 mAh.

Ensurge Micropower ASA (ENMPY) ha otorgado 11.400.000 derechos de suscripción incentivados a empleados/consultores de EE. UU. y al CEO/CFO Lars Eikeland. La concesión, realizada bajo el plan de incentivos 2024 de la empresa, tiene un precio de ejercicio de NOK 1.386 por acción. Los derechos de suscripción tienen diferentes calendarios de adquisición, siendo la mayoría adquiridos en tres años. Todos los derechos expiran el 14 de mayo de 2029.

Ensurge se especializa en el desarrollo de microbaterías de litio de estado sólido, ultradelgadas y flexibles para dispositivos portátiles, sensores conectados y aplicaciones de IoT. La tecnología innovadora de la empresa tiene como objetivo permitir productos recargables de alta densidad energética, ideales para aplicaciones restringidas por formato en la clase de 1 a 100 mAh.

Ensurge Micropower ASA (ENMPY)는 미국 직원/컨설턴트 및 CEO/CFO Lars Eikeland에게 11,400,000개의 인센티브 구독권을 부여했습니다. 이 부여는 회사의 2024 인센티브 계획에 따라 이루어졌으며, 주당 1.386 NOK의 행사 가격을 가지고 있습니다. 구독권은 다양한 가취 주기를 가지며, 대부분은 3년에 걸쳐 가취됩니다. 모든 권리는 2029년 5월 14일에 만료됩니다.

Ensurge는 착용 가능한 장치, 연결된 센서 및 IoT 애플리케이션을 위한 초박형, 유연한 고체 리튬 마이크로 배터리 개발을 전문으로 합니다. 회사의 혁신 기술은 1-100mAh 클래스의 형태 제약이 있는 애플리케이션에 적합한 에너지 밀도가 높은 재충전 가능 제품을 가능하게 하는 것을 목표로 합니다.

Ensurge Micropower ASA (ENMPY) a accordé 11.400.000 droits d'abonnement incitatifs à des employés/consultants américains ainsi qu'au CEO/CFO Lars Eikeland. L'octroi, réalisé dans le cadre du plan d'incitation 2024 de l'entreprise, a un prix d'exercice de 1,386 NOK par action. Les droits d'abonnement ont des calendriers d'acquisition variés, la majorité d'entre eux s'échelonnant sur trois ans. Tous les droits expirent le 14 mai 2029.

Ensurge se spécialise dans le développement de microbatteries lithium à état solide, ultrafines et flexibles pour dispositifs portables, capteurs connectés et applications IoT. La technologie innovante de l'entreprise vise à permettre des produits rechargeables à haute densité énergétique, idéaux pour des applications contraintes par la forme dans la classe de 1 à 100 mAh.

Ensurge Micropower ASA (ENMPY) hat 11.400.000 Anreiz-Sonderrechte zur Subskription an US-amerikanische Mitarbeiter/Berater und CEO/CFO Lars Eikeland gewährt. Die Gewährung, die im Rahmen des Incentive-Plans 2024 des Unternehmens erfolgt ist, hat einen Ausübungspreis von NOK 1,386 pro Aktie. Die Subscriptionsrechte haben unterschiedliche Vesting-Zeitpläne, wobei die Mehrheit über drei Jahre vestet. Alle Rechte laufen am 14. Mai 2029 aus.

Ensurge hat sich auf die Entwicklung von ultradünnen, flexiblen Festkörper-Lithium-Mikrobatterien für tragbare Geräte, verbundene Sensoren und IoT-Anwendungen spezialisiert. Die innovative Technologie des Unternehmens soll energieeffiziente, wiederaufladbare Produkte ermöglichen, die ideal für Anwendungen mit Formfaktorbeschränkungen in der Klasse von 1 bis 100 mAh sind.

Positive
  • Granting of incentive subscription rights may help retain and motivate key employees and executives
  • Company's focus on innovative microbattery technology for growing markets like wearables and IoT
Negative
  • None.

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 20 August 2024 to grant a total of 11,400,000 incentive subscription rights to its US employees/consultants in the Ensurge group and the CEO/CFO Lars Eikeland. 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 1.386 per share. For 11,060,000 of the granted subscription rights, 10% of the subscription rights will vest on the one-year anniversary of the date of grant, 20% will vest on the two-year anniversary of the date of grant, and 70% will vest on the three-year anniversary of the date of grant. 

For the remaining 340,000 granted subscription rights, 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

What is the exercise price of Ensurge Micropower's (ENMPY) newly granted subscription rights?

The exercise price of the subscription rights granted by Ensurge Micropower (ENMPY) is NOK 1.386 per share.

How many incentive subscription rights did Ensurge Micropower (ENMPY) grant on August 20, 2024?

Ensurge Micropower (ENMPY) granted a total of 11,400,000 incentive subscription rights on August 20, 2024.

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

The subscription rights granted by Ensurge Micropower (ENMPY) expire on May 14, 2029.

What is the vesting schedule for the majority of Ensurge Micropower's (ENMPY) newly granted subscription rights?

For 11,060,000 of the granted subscription rights, 10% vest after one year, 20% after two years, and 70% after three years from the grant date.

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