Ensurge Micropower ASA - Mandatory Notice of Trade for Primary Insiders

Rhea-AI Summary

Ensurge Micropower (ENMPY) announced the approval of subscription rights issuance to two board members following their Extraordinary General Meeting on August 8, 2025. Chair Alexander Munch Thore received 13 million subscription rights, while Board member Thomas Ramm received 8 million subscription rights.

The subscription rights, granted at no cost, have an exercise price of NOK 1.376 per share. The vesting schedule includes 40% vesting at the 2026 Annual General Meeting, 30% after 24 months, and the remaining 30% after 36 months from grant date. The rights will expire on August 8, 2030.

News Market Reaction – ENMPY

+23.48%

1 alert

+23.48% News Effect

On the day this news was published, ENMPY gained 23.48%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Reference is made to the announcement by Ensurge Micropower ASA ("Ensurge" or the "Company") on 8 August 2025 regarding the Extraordinary General Meeting held on the same day, where all proposals on the agenda were approved by the shareholders.

The Extraordinary General Meeting approved the issuance of independent subscription rights in the Company to each of Alexander Munch Thore, Chair of the Board (13,000,000 subscription rights) and Thomas Ramm, Board member (8,000,000 subscription rights). All issued subscription rights are granted for no consideration and shall have an exercise price of NOK 1.376 per share upon exercise. 

The vesting schedule for the subscription rights shall be as follows: 40% of the subscription rights shall vest and become exercisable on the date of the 2026 Annual General Meeting, an additional 30% of the subscription rights shall vest and become exercisable after 24 months from the date of grant, while the remaining 30% of the subscription rights shall vest and become exercisable 36 months following the date of grant. 

The subscription rights expire on 8 August 2030.

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

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

Attachments

• TR
• AMT

FAQ

How many subscription rights were granted to Ensurge Micropower's Chair Alexander Munch Thore?

Chair Alexander Munch Thore was granted 13 million subscription rights at an exercise price of NOK 1.376 per share.

What is the vesting schedule for ENMPY's newly issued subscription rights?

The subscription rights vest in three tranches: 40% at the 2026 Annual General Meeting, 30% after 24 months, and 30% after 36 months from the grant date.

When do Ensurge Micropower's newly issued subscription rights expire?

The subscription rights will expire on August 8, 2030.

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

The subscription rights have an exercise price of NOK 1.376 per share upon exercise.