Ensurge Micropower ASA - Cancellation of Anti-Dilutive Subscription Rights to Employees and Directors
October 28 2021 - 10:32AM
Ensurge Micropower ASA - Cancellation of Anti-Dilutive Subscription
Rights to Employees and Directors
Oslo, 28 October 2021
Reference is made to the announcement by Ensurge Micropower ASA
("Ensurge" or the "Company") on 12 May 2021 regarding the issuance
of a total of 54,334,574 incentive subscription rights to employees
in the Ensurge group and 13,583,644 incentive subscription rights
to members of the board of directors (the "Anti-dilutive Grants").
Further reference is made to the announcement by the Company on 3
June 2021 regarding the approval of such issuance by the
shareholders on the Annual General Meeting held on 3 June 2021 (the
"AGM").
As announced by the Company on 12 May 2021, the Anti-dilutive
Grants were calculated assuming 100% exercise of Warrants B and C,
which expired on 20 August 2021 and 30 June 2021, respectively. To
the extent Warrants B and C were not exercised within their
respective expiration dates, a proportionate number of the
Anti-dilutive Grants were to be cancelled and forfeited in
accordance with the terms and conditions set out in Section 9 of
the Notice of the AGM.
In accordance with such terms and conditions, a total of
3,426,910 incentive subscription rights held by employees in the
Ensurge group and 856,728 incentive subscription rights held by
members of the board of directors are cancelled and forfeited.
Following such cancellation and forfeiture there are a total of
193,865,731 subscription rights issued and outstanding in
Ensurge.
Contact
Ståle Bjørnstad - Investor RelationsE-mail:
stale.bjornstad@ensurge.comPhone: +47 99 16 76 72
Kevin Barber - Chief Executive OfficerE-mail:
kevin.barber@ensurge.com
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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