Ensurge Micropower ASA - Key information relating to potential repair issue/subsequent offering

Rhea-AI Summary

On November 9, 2022, Ensurge Micropower ASA announced a private placement of shares, targeting to raise approximately NOK 55 million at NOK 2.0 per share. This is followed by a potential subsequent offering, which could raise up to NOK 15 million, also at the same subscription price, pending approval by an Extraordinary General Meeting on or around November 30, 2022. The maximum number of new shares to be issued is 7,500,000. Key dates include last day including right on November 8, ex-date on November 9, and record date on November 10.

Positive

• Successful private placement raising NOK 55 million.
• Potential subsequent offering raising up to NOK 15 million.
• Subscription price set at NOK 2.0 per share, attracting investor interest.

Negative

• None.

Oslo, 8 November 2022

Reference is made to the stock exchange notice from Ensurge Micropower ASA ("Ensurge" or the "Company") on 9 November 2022 regarding a private placement of shares in the Company raising approximately NOK 55 million at a subscription price of NOK 2.0 per share (the "Private Placement"), and a possible subsequent offering, raising up to NOK 15 million, 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 30 November 2022.

Date on which the terms and conditions of the repair issue were announced: 9 November 2022
Last day including right: 8 November 2022
Ex-date: 9 November 2022
Record date: 10 November 2022
Date of approval: Expected to be on or about 30 November 2022 by resolution of an Extraordinary General Meeting (to be called)
Maximum number of new shares: 7,500,000
Subscription price: NOK 2.0 per share

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.

FAQ

What is the private placement by Ensurge Micropower ASA for?

The private placement aims to raise approximately NOK 55 million to support the company's growth.

When is the Extraordinary General Meeting for Ensurge Micropower ASA?

The Extraordinary General Meeting is expected to be held on or around November 30, 2022.

What is the subscription price for the new shares of Ensurge?

The subscription price for the new shares is set at NOK 2.0 per share.

What is the maximum number of new shares to be issued in the private placement?

The maximum number of new shares to be issued is 7,500,000.

What are the key dates related to the private placement of Ensurge Micropower ASA?

Key dates include the last day including right on November 8, ex-date on November 9, and record date on November 10, 2022.