Ensurge Micropower ASA - Approval of share capital increase by conversion of convertible loan
July 24 2024 - 5:16PM
UK Regulatory
Ensurge Micropower ASA - Approval of share capital increase by
conversion of convertible loan
Oslo, 25 July 2024
Reference is made to the Extraordinary General
Meeting in the Company on 10 November 2023, which resolved to
extend the maturity date and amend the conversion terms of certain
existing convertible loans, whereby the convertible loans, plus
accrued interest, would be convertible into shares prior to the
maturity date on 10 November 2024 at a conversion price of NOK
0.5250 per share.
The lender of a total principal amount of NOK
1,000,000 of such convertible loans has provided his notification
of conversion to the Company and requested that his convertible
loan, plus accrued interest, is converted into shares in the
Company.
The Board therefore resolved on 24 July 2024 to
approve the conversion of a convertible loan in the principal
amount of NOK 1,000,000, plus accrued interest, and the resulting
issuance of a total of 2,091,063 new shares in the Company to such
lender.
Upon registration of the share capital increase
associated with the conversion of the convertible loan in the
Norwegian Register of Business Enterprises, the Company's share
capital will be NOK 309,997,136 divided into 619,994,272 shares,
each having a par value of NOK 0.50.
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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