Ensurge Micropower ASA - Grant of Incentive Subscription Rights
On August 27, 2021, Ensurge Micropower ASA's board approved the issuance of 10,650,000 incentive subscription rights to employees as part of the 2021 incentive plan.
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Rhea-AI Summary
On August 27, 2021, Ensurge Micropower ASA's board approved the issuance of 10,650,000 incentive subscription rights to employees as part of the 2021 incentive plan. The rights have an exercise price of NOK 0.6594 per share, vesting 50% annually over two years and expiring on June 3, 2026. After this issuance, a total of 191,929,369 subscription rights are outstanding. This development is part of the company's strategy to incentivize employees and strengthen engagement.
Positive
- Issuance of 10,650,000 incentive subscription rights to employees, enhancing motivation.
- Subscription rights vest 50% annually, promoting long-term commitment.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Oslo, 27 August 2021
The board of directors of Ensurge Micropower ASA (the "Company") resolved on 27 August 2021 to issue a total of 10,650,000 incentive subscription rights to employees in the Ensurge group. The grants were made under the Company's 2021 incentive subscription rights plan as resolved at the Annual General Meeting on 3 June 2021. The exercise price of the subscription rights is NOK 0.6594 per share. The subscription rights vest by
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
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