Ensurge Micropower ASA - Mandatory Notice of Trade for Primary Insiders

Rhea-AI Summary

Ensurge Micropower ASA has granted incentive subscription rights to its primary insiders, Mark Newman and Arvind Kamath. Newman has received 10,000,000 incentive subscription rights, while Kamath has received 8,250,000 incentive subscription rights. For more information, please refer to the enclosed forms.

Positive

• Ensurge Micropower ASA has granted incentive subscription rights to its primary insiders, indicating confidence in the company's future prospects.

Negative

• None.

Reference is made to the announcement by Ensurge Micropower ASA ("Ensurge" or the “Company”) on 5 May 2023 regarding the issuance of incentive subscription rights in the Company. 

The following primary insiders of the Company have been granted incentive subscription rights: 

•  Mark Newman, Interim CEO: 10,000,000 incentive subscription rights; and
•  Arvind Kamath, EVP Technology Development: 8,250,000 incentive subscription rights. 

Please see the enclosed forms for further details about the transactions. 

Contact: 

Morten Opstad, Chairman 
E-mail: mop@raeder.no
Phone: +47 918 67 737

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachments

• Arvind Kamath - Primary Insider
• Mark Newman - Primary Insider

FAQ

Who has been granted incentive subscription rights by Ensurge Micropower ASA?

Mark Newman and Arvind Kamath have been granted incentive subscription rights.

How many incentive subscription rights did Mark Newman receive?

Mark Newman received 10,000,000 incentive subscription rights.

How many incentive subscription rights did Arvind Kamath receive?

Arvind Kamath received 8,250,000 incentive subscription rights.

What does the granting of incentive subscription rights indicate?

The granting of incentive subscription rights indicates confidence in the company's future prospects.