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Ensurge Micropower ASA - Registration of Share Capital Increase

On January 31, 2022, Ensurge Micropower ASA announced the completion of a share capital increase following the exercise of incentive subscription rights by a former employee.

(Moderate)

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Rhea-AI Summary

On January 31, 2022, Ensurge Micropower ASA announced the completion of a share capital increase following the exercise of incentive subscription rights by a former employee. The increase has been registered, raising the company's share capital to NOK 192,230,269.22, divided into 1,747,547,902 shares, with each share valued at NOK 0.11. This move may affect shareholder value and overall equity structure.

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Positive

  • Successfully registered share capital increase enhances financial structure.
  • Increased share capital may provide opportunities for future financing.

Negative

  • Exercise of subscription rights may lead to shareholder dilution.
  • No significant financial metrics provided to assess impact.
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Oslo, 31 January 2022 

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 27 January 2022 regarding the exercise of incentive subscription rights by a former employee in the Company. The share capital increase associated with such exercise has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 192,230,269.22 divided into 1,747,547,902 shares, each share having a par value of NOK 0.11.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the current share capital of Ensurge Micropower ASA?

The current share capital of Ensurge Micropower ASA is NOK 192,230,269.22.

How many shares does Ensurge Micropower ASA have after the capital increase?

Ensurge Micropower ASA has 1,747,547,902 shares after the capital increase.

What is the par value of each share of Ensurge Micropower ASA?

Each share of Ensurge Micropower ASA has a par value of NOK 0.11.

When was the share capital increase of Ensurge Micropower ASA registered?

The share capital increase was registered on January 31, 2022.

Who can I contact for investor relations at Ensurge Micropower ASA?

You can contact Ståle Bjørnstad for investor relations via email at stale.bjornstad@ensurge.com.

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