Ensurge Micropower ASA - Employee Share Purchase Plan

Rhea-AI Summary

Ensurge Micropower ASA has issued 2,733,844 ordinary shares at an average price of NOK 0.9138 per share under its 2024 Employee Share Purchase Plan (ESPP). The plan, approved on May 14, 2024, attracted 21 participants in the offering period ending February 28, 2025.

CEO and CFO Lars Eikeland acquired 970,571 shares at NOK 0.6762 per share. The ESPP allows eligible participants to invest up to 20% of their gross salary or service fees in company shares, with a minimum investment of NOK 6,000 per offering period. The plan operates in two six-month offering periods.

Following this issuance, the company's share capital will be NOK 371,481,660.50, divided into 742,963,321 shares with a par value of NOK 0.50 each.

Positive

• CEO shows confidence through significant share purchase of 970,571 shares
• Employee participation in ESPP demonstrates internal confidence

Negative

• Share issuance causes 0.37% dilution to existing shareholders

News Market Reaction

-13.61%

1 alert

-13.61% News Effect

On the day this news was published, ENMPY declined 13.61%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Ensurge Micropower ASA (the "Company") has on 4 March 2025 resolved to issue 2,733,844 ordinary shares at an average subscription price of NOK 0.9138 per share to employees and contractors ("Participants") in the Company who participate in the Company's 2024 Employee Share Purchase Plan ("ESPP"). The ESPP was approved by the annual general meeting on 14 May 2024. 

21 Participants participated in the ESPP in the offering period, which expired on 28 February 2025. The Participants have elected to invest a part of the base salary or service fee in ordinary shares in the Company. Share purchases take place every six months. 

Primary insiders 
Ensurge Micropower ASA discloses transactions by the following primary insiders in Ensurge Micropower ordinary shares: 
* Lars Eikeland, CEO and CFO, acquired 970,571 ordinary shares at NOK 0.6762 per share under the ESPP.

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

Ensurge Micropower ASA 2024 ESPP 

The ESPP is available on the Company's website. https://assets.milestoneinternet.com/ensurge-inc/pdf/ensurge-2024- employee-share-purchase-plan.pdf 

Any person who is an eligible participant has been offered to subscribe for shares in the Company in connection with the ESPP. The ESPP is structured around two offering periods, starting on the first day of the calendar month following each planned public disclosure on Oslo Børs of the half-yearly and fourth quarter financial results of the Company, such calendar months being September through February and March through August. During each offering period, a fixed amount (up to 20% of the employee's gross (pre-tax) base salary or, in the case of contractors, up to 20% of the service fee payable to such contractor) is withheld from the employee's net salary or from the contractor's service fee, which fixed amount must be at least a total of NOK 6,000 (or equivalent foreign currency) for each offering period. The Participant may sign up to participate in the ESPP from the date of the public disclosure of the half-yearly or fourth quarter financial results until the day before the commencement of the offering period. Unless the Participant actively withdraws from the ESPP, participation is automatically renewed for the same amount for subsequent offering periods. The board's resolution to issue new shares in connection with the ESPP is made pursuant to the authorization granted by the Company's annual general meeting on 14 May 2024 to increase the Company's share capital in connection with the ESPP. Settlement of the subscription amount is made by set-off against debt to the employees and contractors (offset). 

In accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation") Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from the obligation to publish a listing prospectus. 

Upon registration of the share capital increases associated with the exercise of incentive subscription rights and the issuance of ESPP shares in the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 371,481,660.50 divided into 742,963,321 shares, each having a par value of NOK 0.50. 

About Ensurge Micropower: 
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The Company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets. 

Lars Eikeland, Chief Executive Officer E-mail: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com) 

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

FAQ

How many shares did Ensurge Micropower (ENMPY) issue in its March 2025 ESPP offering?

Ensurge Micropower issued 2,733,844 ordinary shares at an average price of NOK 0.9138 per share.

What is the participation rate in Ensurge Micropower's (ENMPY) 2024 ESPP program?

21 participants joined the ESPP program during the offering period ending February 28, 2025.

How much did CEO Lars Eikeland invest in ENMPY shares through the ESPP?

CEO Lars Eikeland acquired 970,571 ordinary shares at NOK 0.6762 per share.

What are the investment limits for Ensurge Micropower's (ENMPY) ESPP program?

Participants can invest up to 20% of gross salary or service fees, with a minimum investment of NOK 6,000 per offering period.