The Board of Directors of Ensurge Micropower ASA (the Company) has resolved to
grant a total of 800,000 incentive subscription rights to new employees of
Ensurge Micropower, Inc. under the Company's 2026 Subscription Rights Incentive
Plan, as resolved at the Annual General Meeting on 15 May 2026.
The exercise price of the subscription rights is NOK 0.57 per share.
The subscription rights granted to new employees will become vested over four
years from the date of hire with a one-year cliff such that no subscription
rights vest until after the first 12 months, at which time 25% of the
subscription rights shall vest immediately, with the remaining subscription
rights vesting thereafter in equal quarterly increments.
The vested subscription rights shall be exercisable until 15 May 2031.
The subscription rights otherwise follow the terms and conditions of the 2026
Subscription Rights Incentive Plan.
For more information, please contact: ir@ensurge.com
Ensurge Micropower develops ultra-thin, flexible solid-state lithium micro
batteries that enable next-generation electronic devices. The company's
proprietary platform is designed to deliver safe, high-performance energy
storage in space-constrained applications across medical devices, hearables,
wearables, industrial systems, and defense. Ensurge Micropower ASA is listed on
the Oslo Stock Exchange under the ticker ENSU.
Stock Exchange under the ticker ENSU.\