Ensurge Micropower ASA - Mandatory Notice of Trade for Primary Insiders

Rhea-AI Summary

On 25 May 2022, Ensurge Micropower ASA granted incentive subscription rights to new board members following an Annual General Meeting. Board members Victoire de Margerie and Mark C. Newman each acquired 1,000,000 subscription rights for no consideration, with an exercise price of NOK 2.5. These initial notifications indicate a potential increase in board member incentives, which could positively impact company governance. The transactions occurred outside a trading venue, and the Company's LEI is 5493007QXMCG0WPKFC96.

Positive

• Board members received 1,000,000 incentive subscription rights each, showing confidence in the company's future.
• No consideration was paid for the incentive rights, potentially aligning board interests with shareholder value.

Negative

• None.

Oslo, 25 May 2022

Reference is made to the announcement by Ensurge Micropower ASA (“Ensurge” or the “Company”) on 25 May 2022 regarding the grant of incentive subscription rights to the new board members in the Company, resolved by the Annual General Meeting. 

As a result of the Company’s grant of incentive subscription rights, the following is submitted on behalf of certain primary insiders in the Company. 

On 25 May 2022, Victoire de Margerie, board member, acquired 1,000,000 incentive subscription rights in the Company for no consideration, each subscription right with an exercise price of NOK 2,5.

On 25 May 2022, Mark C. Newman, board member, acquired 1,000,000 incentive subscription rights in the Company for no consideration, each subscription right with an exercise price of NOK 2,5.

The above transaction notices are all initial notifications. The name of the entity is Ensurge Micropower ASA, and the Company's LEI is 5493007QXMCG0WPKFC96. The ISIN of the Company's share is NO0012450008. The transactions were performed outside a trading venue.

Contact 

Ståle Bjørnstad - Investor Relations 
E-mail: stale.bjornstad@ensurge.com  
Phone: +47 99 16 76 72 

Kevin Barber - Chief Executive Officer 
E-mail: kevin.barber@ensurge.com

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

FAQ

What were the details of the incentive subscription rights granted to board members of ENMPY on 25 May 2022?

On 25 May 2022, board members Victoire de Margerie and Mark C. Newman each acquired 1,000,000 incentive subscription rights at an exercise price of NOK 2.5.

How might the incentive rights granted to board members impact ENMPY's stock?

The incentive rights may align the board's interests with shareholder value, potentially leading to positive stock performance.

What is the LEI of Ensurge Micropower ASA (ENMPY)?

The LEI of Ensurge Micropower ASA is 5493007QXMCG0WPKFC96.

Were any costs associated with the acquisition of incentive subscription rights by board members of ENMPY?

No costs were incurred as the board members acquired the rights for no consideration.