Ensurge Micropower Asa Stock Price, News & Analysis

Oslo, Norway - 27 April 2023 - Ensurge Micropower ASA announces that Terje Rogne is proposed to be elected as the new Chair of the Board of Directors at the Annual General Meeting on 24 May 2023. Rogne will succeed Morten Opstad, who will continue as a board member. The Nomination Committee believes Rogne's extensive experience in multinational enterprises will significantly contribute to scaling the company’s operations towards profitability. The committee also expressed gratitude to Opstad for his years of service. Ensurge is known for its ultrathin, flexible energy storage solutions and innovative solid-state lithium battery technology aimed at various applications.

The Financial Supervisory Authority of Norway has approved a listing prospectus for Ensurge Micropower, allowing 500,000,000 new shares to be listed on Oslo Børs. The shares are part of a private placement announced on February 15, 2023, which established a new ISIN. The shares are set to be tradable starting April 26, 2023, following the publication of the prospectus dated April 25, 2023. Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries designed for various devices, including wearables and IoT sensors, utilizing advanced manufacturing techniques.

Ensurge Micropower ASA has updated its Financial Calendar for 2023, indicating that the Annual Report for 2022 will now be published on 27 April 2023, a shift from the previously announced date of 20 April 2023. This announcement complies with the Continuing Obligations under the Euronext Oslo Børs Rule Book II.

For investor inquiries, Ståle Bjørnstad can be contacted via email at stale.bjornstad@ensurge.com or by phone at +47 99 16 76 72.

Ensurge Micropower ASA announces that its acting Chief Financial Officer (CFO), Tarun Anand, will leave the company on 14 April 2023 for another position. The company has arranged for interim CFO services from former CFO Dave Williamson while seeking a permanent replacement. Ensurge is known for its ultrathin, flexible, and safe energy storage solutions, particularly in the solid-state lithium battery (SSLB) sector. The company leverages advanced manufacturing techniques in Silicon Valley to deliver innovative battery technology for various applications.

On March 14, 2023, Ensurge Micropower ASA held an Extraordinary General Meeting approving a share capital increase, now registered at NOK 74,422,849.80 across 744,228,498 shares, each with a par value of NOK 0.10. The new shares are set to be issued with a temporary ISIN, transitioning to the ordinary ISIN for trading on Oslo Børs under the ticker 'ENSU' upon the listing prospectus's approval. Ensurge specializes in solid-state lithium battery technology, focusing on innovative energy storage solutions for wearables and connected devices, driven by its advanced manufacturing facility in Silicon Valley.

Ensurge Micropower ASA announced on March 14, 2023, that its Extraordinary General Meeting (EGM) approved all proposals, including a share capital reduction. This reduction, now registered, brings the company's share capital to NOK 24,422,849.80, divided into 244,228,498 shares, each with a par value of NOK 0.10. A subsequent share capital increase, also resolved in the EGM, will be registered separately. Ensurge focuses on ultrathin, flexible, and safe energy storage solutions, particularly its innovative solid-state lithium battery technology for various applications.

Ensurge Micropower ASA reported that Viking Power Systems Pte Ltd has been allocated 50,750,000 shares in a recent Private Placement, following the approval of issuance for 500,000,000 shares at the Extraordinary General Meeting on March 14, 2023. This allocation raises Viking Power's shareholding to 6.81% of the total outstanding shares of the Company. The disclosure is mandated by Norwegian law as the shareholder has crossed the 5% threshold for voting rights and shares.

This event is pivotal as it signifies a notable increase in Viking Power's stake in Ensurge Micropower ASA.

Ensurge Micropower ASA announced a disclosure by shareholder Robert Napier Keith following the company's recent Private Placement of 500 million new shares. After the allocation, Keith's shareholding dropped to 11.64%, totaling 86,642,557 shares, marking a significant shift in his voting rights and ownership. This disclosure was mandated as Keith fell below the 15% threshold of total voting rights in the company. The announcement aligns with the requirements of the Norwegian Securities Trading Act, reflecting changes in major shareholder positions.