Ensurge Micropower ASA - Issuance of Shares in connection with Share Consolidation

Rhea-AI Summary

Ensurge Micropower ASA recently held an Extraordinary General Meeting approving an authorization for the Board to issue shares in connection with a share consolidation. The Board has increased the company's share capital by NOK 0.20, issuing 2 new shares at a subscription price of NOK 0.10 per share. The total number of shares will be divided by 5, resulting in a new share capital of NOK 273,877,727 divided into 2,738,777,270 shares.

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 19 March 2024, relating to the held Extraordinary General Meeting which approved, inter alia, an authorization to the board of directors (the “Board”) to issue shares in connection with the approved share consolidation in the Company. 

Pursuant to the authorization, which may solely be used to make the total number of shares in the Company dividable by 5, the Board has resolved to increase the Company's share capital with NOK 0.20 from NOK 273,877,726.80 to NOK 273,877,727,by issuance of 2 new shares, each share having a par value of NOK 0.10, for a subscription price per share of NOK 0.10. 

Upon registration of this share capital increase, the Company's share capital will be NOK 273,877,727 divided into 2,738,777,270 shares, each share having a par value of NOK 0.10.

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

What was approved at Ensurge Micropower ASA's Extraordinary General Meeting?

The approval of an authorization for the Board to issue shares in connection with a share consolidation.

How much was the company's share capital increased by?

The share capital was increased by NOK 0.20.

How many new shares were issued?

2 new shares were issued.

What is the new total number of shares after the share capital increase?

The total number of shares will be 2,738,777,270 after the increase.

Who can be contacted for more information?

Lars Eikeland, Chief Executive Officer, can be contacted at lars.eikeland@ensurge.com.