Ensurge Micropower ASA - Key information relating to possible repair issue/subsequent offering
Ensurge Micropower announced a private placement, raising approximately NOK 85 million at NOK 1.55 per share. Additionally, a subsequent offering aims to raise up to NOK 21,250,000 at the same price, pending approval at an Extraordinary General Meeting on 6 June 2024. Key dates include the announcement on 13 May 2024, the ex-date on 14 May 2024, and the record date on 15 May 2024. The maximum number of new shares for the subsequent offering is 13,709,677. The offering prospectus will be published before the subscription period begins, subject to approval by the Norwegian Financial Supervisory Authority.
- Raised NOK 85 million through private placement.
- Offering price set at NOK 1.55 per share.
- Potential to raise additional NOK 21,250,000 through subsequent offering.
- Approval for subsequent offering expected from Extraordinary General Meeting on 6 June 2024.
- Dilution risk with issuance of up to 13,709,677 new shares.
- Subsequent offering subject to several approvals, including Norwegian Financial Supervisory Authority.
Oslo, 13 May 2024
Reference is made to the stock exchange notice from Ensurge Micropower ASA ("Ensurge" or the "Company") on 13 May 2024 regarding a private placement of shares in the Company raising approximately NOK 85 million at a subscription price of NOK 1.55 per share (the "Private Placement") and a possible subsequent offering, raising up to NOK 21,250,000, at the same subscription price as in the private placement (the "Subsequent Offering"), subject to approval by an Extraordinary General Meeting to be held on or about 6 June 2024.
Date on which the terms and conditions of the repair issue were announced: 13 May 2024;
Last day including right: 13 May 2024;
Ex-date: 14 May 2024;
Record date: 15 May 2024;
Date of approval: Expected to be on or about 6 June 2024 by resolution of an Extraordinary General Meeting (to be called);
Maximum number of new shares: 13,709,677; and
Subscription price: NOK 1.55.
The Subsequent Offering will be carried out as set out in an offering prospectus (which must be approved by the Norwegian Financial Supervisory Authority) to be published prior to commencement of the subscription period.
This information is published in accordance with the requirements of the Continuing Obligations.
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