Ensurge Micropower ASA - Registration of Share Capital Increase

Rhea-AI Summary

Ensurge Micropower ASA announced a successful private placement of shares, allocating 125,561,401 shares in Tranche 1 and 41,105,265 shares in Tranche 2, raising approximately NOK 100 million. The Extraordinary General Meeting on 24 February 2022 approved Tranche 2. The share capital increase related to Tranche 2 has been registered, bringing the total share capital to NOK 210,563,602.48, divided into 1,914,214,568 shares with a par value of NOK 0.11 each.

Positive

• Successful private placement raised approximately NOK 100 million.
• Approval of Tranche 2 by the Extraordinary General Meeting.
• Increased share capital now totals NOK 210,563,602.48.

Negative

• None.

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 3 February 2022 regarding a successful private placement of shares, through an allocation of 125,561,401 new shares in Tranche 1 and an allocation of 41,105,265 new shares in Tranche 2, for total gross proceeds (i.e. both tranches) of approximately NOK 100 million. Further reference is made to the announcement by the Company on 24 February 2022 regarding the Extraordinary General Meeting held on the same date, wherein Tranche 2 was approved by the Extraordinary General Meeting. 

The share capital increase associated with Tranche 2 has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 210,563,602.48 divided into 1,914,214,568 shares, each share having a par value of NOK 0.11.

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 was the total amount raised in the Ensurge Micropower ASA private placement?

The total amount raised was approximately NOK 100 million.

What is the share capital of Ensurge Micropower ASA after the latest increase?

The share capital is NOK 210,563,602.48.

How many shares were allocated in Tranche 1 and Tranche 2?

Tranche 1 allocated 125,561,401 new shares, and Tranche 2 allocated 41,105,265 new shares.

When was Tranche 2 approved by the shareholders?

Tranche 2 was approved on 24 February 2022.

What is the par value of each share of Ensurge Micropower ASA?

The par value of each share is NOK 0.11.