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Ensurge Micropower ASA – Grant of Incentive Subscription Rights

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Ensurge Micropower ASA (ENMPY) has announced the grant of 90,000 incentive subscription rights to US employees under its 2024 incentive subscription rights plan. The exercise price is set at NOK 1.2532 per share. The subscription rights will vest in two equal installments: 50% after one year and 50% after two years from the grant date. These rights will expire on May 14, 2029. The grant aligns with the terms approved at the 2024 Annual General Meeting.

Ensurge Micropower ASA (ENMPY) ha annunciato l'assegnazione di 90.000 diritti di sottoscrizione incentivanti ai dipendenti statunitensi nell'ambito del suo piano di diritti di sottoscrizione incentivanti 2024. Il prezzo di esercizio è fissato a 1,2532 NOK per azione. I diritti di sottoscrizione matureranno in due tranche uguali: il 50% dopo un anno e il 50% dopo due anni dalla data di assegnazione. Tali diritti scadranno il 14 maggio 2029. L'assegnazione è conforme alle condizioni approvate durante l'Assemblea Generale Annuale del 2024.

Ensurge Micropower ASA (ENMPY) ha anunciado la concesión de 90.000 derechos de suscripción incentivados a empleados en EE. UU. bajo su plan de derechos de suscripción incentivados 2024. El precio de ejercicio está fijado en 1,2532 NOK por acción. Los derechos de suscripción se adquirirán en dos cuotas iguales: el 50% después de un año y el 50% después de dos años desde la fecha de concesión. Estos derechos expirarán el 14 de mayo de 2029. La concesión está alineada con los términos aprobados en la Asamblea General Anual de 2024.

Ensurge Micropower ASA (ENMPY)는 2024년 인센티브 구독권 계획에 따라 미국 직원들에게 90,000개의 인센티브 구독권을 부여했다고 발표했습니다. 행사가격은 주당 1.2532 NOK로 설정되었습니다. 구독권은 부여일로부터 1년 후 50%, 2년 후 50%씩 두 번에 걸쳐 취득됩니다. 이 권리는 2029년 5월 14일에 만료됩니다. 이번 부여는 2024년 연례 주주총회에서 승인된 조건과 일치합니다.

Ensurge Micropower ASA (ENMPY) a annoncé l'attribution de 90 000 droits de souscription incitatifs aux employés américains dans le cadre de son plan de droits de souscription incitatifs 2024. Le prix d'exercice est fixé à 1,2532 NOK par action. Les droits de souscription seront acquis en deux versements égaux : 50 % après un an et 50 % après deux ans à compter de la date d'attribution. Ces droits expireront le 14 mai 2029. L'attribution est conforme aux conditions approuvées lors de l'Assemblée générale annuelle 2024.

Ensurge Micropower ASA (ENMPY) hat die Gewährung von 90.000 Anreiz-Zeichnungsrechten an US-Mitarbeiter im Rahmen seines Anreiz-Zeichnungsrechtsplans 2024 bekannt gegeben. Der Ausübungspreis ist auf 1,2532 NOK pro Aktie festgesetzt. Die Zeichnungsrechte werden in zwei gleichen Tranchen übertragen: 50 % nach einem Jahr und 50 % nach zwei Jahren ab dem Gewährungsdatum. Diese Rechte verfallen am 14. Mai 2029. Die Gewährung entspricht den auf der Hauptversammlung 2024 genehmigten Bedingungen.

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The Board of Directors of Ensurge Micropower ASA (the "Company") has resolved to grant a total of 90,000 incentive subscription rights to certain US employees in the Ensurge group. The grant was made under the Company's 2024 incentive subscription rights plan, as resolved at the 2024 Annual General Meeting. The exercise price of the subscription rights is calculated to NOK 1.2532 per share. 

50% of the subscription rights will vest on the one-year anniversary of the date of grant, and the remaining 50% will vest on the two-year anniversary of the date of grant. The subscription rights expire on 14 May 2029. 

The subscription rights otherwise follow the terms and conditions of the Company’s 2024 Subscription Rights Incentive Plan. 

About Ensurge Micropower: 

Ensurge is energizing innovation with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery.

With a workforce of forty top-tier specialists based in the world's technology capital, Silicon Valley, Ensurge has developed a future-oriented and innovative microbattery technology. The microbattery is ideal for form-factor-constrained applications, including hearables, 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 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. 

Ensurge’s production facilities are optimized for prototyping and small-scale manufacturing. To scale efficiently, we aim to outsource the production of the resulting intellectual property (IP) to specialized partners with industrial manufacturing expertise.

Ensurge is listed on the Norwegian stock exchange and is financed out of Norway by strong and reputable financial investors, reflecting both a strategic investment and a robust transatlantic collaboration.

For more information, please contact: 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 incentive subscription rights did Ensurge Micropower (ENMPY) grant in May 2024?

Ensurge Micropower granted 90,000 incentive subscription rights to US employees.

What is the exercise price for ENMPY's 2024 incentive subscription rights?

The exercise price is NOK 1.2532 per share.

When do Ensurge Micropower's 2024 incentive subscription rights vest?

The rights vest in two equal portions: 50% after one year and 50% after two years from the grant date.

When do ENMPY's 2024 incentive subscription rights expire?

The subscription rights expire on May 14, 2029.
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