What is the new share capital of Ensurge Micropower after the increase?

The new share capital of Ensurge Micropower is NOK 206,042,023.33.

What is the par value of each share after the capital increase?

Each share has a par value of NOK 0.11.

When was the share capital increase registered?

The share capital increase was registered on February 14, 2022.

Ensurge Micropower ASA - Registration of Share Capital Increase

Q: How many new shares were allocated in Tranche 1 of the private placement?

In Tranche 1, 125,561,401 new shares were allocated.

On February 14, 2022, Ensurge Micropower ASA announced the successful registration of a share capital increase following a private placement.

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Rhea-AI Summary

On February 14, 2022, Ensurge Micropower ASA announced the successful registration of a share capital increase following a private placement. The first tranche of the placement involved the allocation of 125,561,401 new shares, while the second tranche allocated 41,105,265 new shares, generating total gross proceeds of approximately NOK 100 million. With this capital increase, the company's share capital now stands at NOK 206,042,023.33, divided into 1,873,109,303 shares, each with a par value of NOK 0.11.

Positive

Successful completion of a private share placement, raising approximately NOK 100 million.
Share capital increase enhances financial stability.

Negative

None.

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02/14/2022 - 02:06 PM EST

Oslo, 14 February 2022

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 3 February 2022 regarding a successful private placement of shares, through an allocation of 125,561,401 new shares in Tranche 1 and an allocation of 41,105,265 new shares in Tranche 2, for total gross proceeds (i.e. both tranches) of approximately NOK 100 million.

The share capital increase associated with Tranche 1 has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 206,042,023.33 divided into 1,873,109,303 shares, each share having a par value of NOK 0.11.

Contact

Ståle Bjørnstad - Investor Relations
E-mail: stale.bjornstad@ensurge.com (mailto:stale.bjornstad@ensurge.com)
Phone: +47 99 16 76 72

Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@ensurge.com (mailto: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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What was the gross proceeds from Ensurge Micropower's private placement on February 14, 2022?

The gross proceeds from the private placement were approximately NOK 100 million.

How many new shares were allocated in Tranche 1 of the private placement?

In Tranche 1, 125,561,401 new shares were allocated.

Ensurge Micropower ASA - Registration of Share Capital Increase