Ensurge Micropower ASA - Key information relating to possible repair issue/subsequent offering

Rhea-AI Summary

Ensurge Micropower (ENMPY) announced a private placement of NOK 100 million at a subscription price of NOK 0.90 per share and a possible subsequent offering up to NOK 20 million at the same price, subject to shareholder approval.

Key dates: terms announced 9 November 2025, last day including right 7 November 2025, ex-date 10 November 2025, record date 11 November 2025, and expected EGM approval on or about 2 December 2025. Maximum new shares in the offering: 22,222,222. The subsequent offering requires a prospectus approved by the Norwegian Financial Supervisory Authority before subscription begins.

Positive

• Raised NOK 100 million via private placement
• Subscription price fixed at NOK 0.90 per share
• Subsequent offering can add up to NOK 20 million
• Maximum 22,222,222 new shares authorized

Negative

• Subsequent offering subject to EGM approval on or about 2 December 2025
• Prospectus must be approved by regulator before subscriptions
• Potential share dilution from up to 22,222,222 new shares

Oslo, 9 November 2025 

Reference is made to the stock exchange announcement from Ensurge Micropower ASA ("Ensurge" or the "Company") today regarding a private placement of shares in the Company raising NOK 100 million at a subscription price of NOK 0.90 per share (the "Private Placement") and a possible subsequent offering, raising up to NOK 20 million, at the same subscription price as in the private placement (the "Subsequent Offering"), subject to approval by an Extraordinary General Meeting to be held on or about 2 December 2025. 

Date on which the terms and conditions of the repair issue were announced: 9 November 2025; 
Last day including right: 7 November 2025;
Ex-date: 10 November 2025; 
Record date: 11 November 2025; 
Date of approval: Expected to be on or about 2 December 2025 by resolution of an Extraordinary General Meeting (to be called); 
Maximum number of new shares: 22,222,222; and 
Subscription price: NOK 0.90. 

The Subsequent Offering will be carried out as set out in an offering prospectus (which must be approved by the Norwegian Financial Supervisory Authority) to be published prior to commencement of the subscription period. 

This information is published in accordance with the requirements of the Continuing Obligations.

FAQ

What did Ensurge Micropower announce on 9 November 2025 (ENMPY)?

Ensurge announced a NOK 100 million private placement at NOK 0.90 per share plus a possible subsequent offering up to NOK 20 million.

How many new shares can Ensurge issue in the offering (ENMPY)?

The maximum number of new shares is 22,222,222.

When is the expected shareholder vote for the ENMPY subsequent offering?

An Extraordinary General Meeting is expected to be held on or about 2 December 2025 to consider approval.

What regulatory step is required before the ENMPY subsequent offering starts?

A prospectus must be approved by the Norwegian Financial Supervisory Authority before the subscription period begins.

What are the key record and ex-dates for the ENMPY repair issue?

Ex-date is 10 November 2025 and record date is 11 November 2025; last day including right was 7 November 2025.

How could the subsequent offering affect ENMPY shareholders?

If completed, the subsequent offering could cause share dilution given issuance of up to 22,222,222 new shares.