Oslo, 18 October 2023
Reference is made to the stock exchange notice from Ensurge Micropower ASA ("Ensurge" or the "Company") on 18 October 2023 regarding a private placement of shares in the Company raising approximately NOK 47.5 million at a subscription price of NOK 0.10 per share (the "Private Placement") and a possible subsequent offering, raising up to NOK 12.5 million, at the same subscription price as in the private placement (the "Subsequent Offering"), subject to approval by an Extraordinary General Meeting to be held on or about 10 November 2023.
Date on which the terms and conditions of the repair issue were announced: 18 October 2023;
Last day including right: 18 October 2023;
Ex-date: 19 October 2023;
Record date: 20 October 2023;
Date of approval: Expected to be on or about 10 November 2023 by resolution of an Extraordinary General Meeting (to be called);
Maximum number of new shares: 125,000,000;
Subscription price: 0.10;
The Subsequent Offering will be carried out as set out in an offering prospectus (which must be approved by the Norwegian Financial Supervisory Authority) to be published prior to commencement of the subscription period.
This information is published in accordance with the requirements of the Continuing Obligations.
