Ensurge Micropower ASA - Grant of Incentive Subscription Rights
24 September 2024 - 8:30PM
UK Regulatory
Ensurge Micropower ASA - Grant of Incentive Subscription Rights
The Board of Directors of Ensurge Micropower ASA
(the "Company") resolved on 24 September 2024 to grant a total of
160,000 incentive subscription rights to certain US employees in
the Ensurge group. The grant was made under the Company's
2024 incentive subscription rights plan, as resolved at the
Annual General Meeting on 14 May 2024. The exercise price of
the subscription rights is calculated to NOK 1.0982
per share.
50% of the subscription rights will vest on the
one-year anniversary of the date of grant, and the remaining 50%
will vest on the two-year anniversary of the date of grant. The
subscription rights expire on 14 May 2029.
The subscription rights otherwise follow the terms
and conditions of the 2024 subscription rights incentive plan.
About Ensurge Micropower:
Ensurge is Energizing Innovation (TM) with the first ultrathin,
flexible, reliable, and fundamentally safe solid-state lithium
microbattery for the 1 to 100 milliampere-hour (mAh) class of
wearable devices, connected sensors, and beyond. The innovative
Ensurge Microbattery enables energy-dense rechargeable products
that are ideal for form-factor-constrained applications including
hearables (hearing aids and wireless headphones), digital and
health wearables, sports and fitness devices, and IoT sensor
solutions that use energy harvesting to power everyday things. The
company's state-of-the-art manufacturing facility, located in the
heart of Silicon Valley, combines patented process technology and
materials innovation with the scale of roll-to-roll production
methods to bring the advantages of Ensurge technology to
established and expanding markets.
For more information, please contact: Lars
Eikeland, Chief Executive Officer
E-mail: lars.eikeland@ensurge.com
(mailto:lars.eikeland@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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