Ensurge Micropower ASA - Disclosure of Large Shareholdings

Rhea-AI Summary

Ensurge Micropower ASA has disclosed a significant shareholding change involving Robert N. Keith. The company recently announced a private placement of 75,000,000 new shares, divided into two tranches. Tranche 1, consisting of 61,790,320 shares, was registered on September 27, 2024. Tranche 2, with 13,209,680 shares, awaits approval at an extraordinary general meeting scheduled for October 14, 2024.

As part of the transaction, Robert N. Keith, among other shareholders, lent 2,990,320 shares to facilitate a delivery-versus-payment settlement. Of these, 2,351,42 shares have been returned. Following the share lending and completion of tranche 1, Keith now owns 53,858,631 shares, representing 7.9% of the total shares and votes in Ensurge Micropower ASA.

Positive

• Private placement of 75,000,000 new shares indicates potential capital injection for the company
• Successful registration of tranche 1 with 61,790,320 shares

Negative

• Potential dilution of existing shareholders' stakes due to the large private placement

Oslo, 7 October 2024

This disclosure of large shareholding is sent on behalf of Robert N. Keith, a shareholder in Ensurge Micropower ASA (the "Company"). 

The Company disclosed on 19 September 2024 a private placement of 75,000,000 new shares. The private placement is divided into two tranches, whereas tranche 1 consisted of 61,790,320 shares and tranche 2 will consist of 13,209,680 shares. The share capital increase associated with tranche 1 was registered on 27 September 2024. Completion of tranche 2 remains subject to approval by an extraordinary general meeting of the Company to be held on 14 October 2024.

As one of several share lenders, Robert N. Keith lent 2,990,320 shares into the transactions to facilitate a delivery-versus-payment settlement of the private placement, of which 2,351,42 has been returned. Following the share lending and completion of tranche 1 of the said private placement, Robert N. Keith as of today owns 53,858,631 shares, representing 7.9% of the total number of shares and votes, in the Company.

FAQ

What is the size of the private placement announced by Ensurge Micropower ASA (ENMPY) on September 19, 2024?

Ensurge Micropower ASA announced a private placement of 75,000,000 new shares on September 19, 2024.

How many shares does Robert N. Keith own in Ensurge Micropower ASA (ENMPY) after the recent transactions?

Following the share lending and completion of tranche 1 of the private placement, Robert N. Keith owns 53,858,631 shares in Ensurge Micropower ASA.

What percentage of Ensurge Micropower ASA (ENMPY) does Robert N. Keith's shareholding represent?

Robert N. Keith's shareholding represents 7.9% of the total number of shares and votes in Ensurge Micropower ASA.

When is the extraordinary general meeting scheduled for Ensurge Micropower ASA (ENMPY) to approve tranche 2 of the private placement?

The extraordinary general meeting for Ensurge Micropower ASA to approve tranche 2 of the private placement is scheduled for October 14, 2024.