Ensurge Micropower ASA – Reverse share split registered with the Register of Business Enterprises

Rhea-AI Summary

Ensurge Micropower ASA has successfully registered a 9:1 reverse share split, following the approval at the Extraordinary General Meeting on 24 February 2022. As a result, the company's share capital is now NOK 210,563,602.92, divided into 212,690,508 shares, each with a par value of NOK 0.99. This registration does not alter the previously announced dates from 8 March 2022.

Positive

• Successful registration of a 9:1 reverse share split.
• Share capital increased to NOK 210,563,602.92.

Negative

• None.

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, ENMPY declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 24 February 2022, wherein the Extraordinary General Meeting approved, inter alia, a 9:1 reverse share split of the shares in the Company.   

The reverse share split has now been duly registered with the Norwegian Register of Business Enterprises. Following the registration, the Company’s share capital is NOK 210,563,602.92 divided into 212,690,508 shares, each share having a par value of NOK 0.99.

For the avoidance of doubt, the above registration does not affect the dates set forth in the announcement published by the Company on 8 March 2022. 

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

What is the significance of the 9:1 reverse share split for ENMPY?

The 9:1 reverse share split aims to increase the stock price and improve market perception.

What is the new share capital of Ensurge Micropower ASA after the reverse split?

The new share capital after the reverse split is NOK 210,563,602.92.

How many shares does Ensurge have after the reverse share split?

After the reverse share split, Ensurge Micropower ASA has 212,690,508 shares.

When was the reverse share split approved for Ensurge Micropower ASA?

The reverse share split was approved on 24 February 2022.

Does the reverse share split affect the previously announced dates for ENMPY?

No, the reverse share split does not affect the previously announced dates from 8 March 2022.