Ensurge Micropower ASA (the "Company") has on 2 September 2025 resolved to issue
1,629,232 ordinary shares at an average subscription price of NOK 1.0072 per
share to employees and contractors ("Participants") in the Company who
participate in the Company's 2025 Employee Share Purchase Plan ("ESPP"). The
ESPP was approved by the Extraordinary General Meeting on 8 August 2025.
10 Participants participated in the ESPP in the offering period, which expired
on 29 August 2025. The Participants have elected to invest a part of the base
salary or service fee in ordinary shares in the Company.
Primary insiders
Ensurge Micropower ASA discloses transactions under the ESPP by the following
primary insiders:
* Lars Eikeland, CFO, acquired 678,564 ordinary shares under the ESPP.
* Ståle Bjørnstad, VP, Corporate Development and IR, acquired 202,949 ordinary
shares under the ESPP.
* Shoba Rao, VP, Manufacturing, acquired 109,371 ordinary shares under the ESPP.
* Jay Tu, VP Operations, acquired 137,795 ordinary shares under the ESPP.
Please see the enclosed forms for further details on the transactions.
Ensurge Micropower ASA 2025 ESPP
The ESPP is available on the Company's
website. https://assets.milestoneinternet.com/ensurge-inc/pdf/ensurge-2025-
employee-share-purchase-plan-005.pdf
Any person who is an eligible participant has been offered to subscribe for
shares in the Company in connection with the ESPP. The ESPP is structured around
two offering periods, starting on the first day of the calendar month following
each planned public disclosure on Oslo Børs of the half-yearly and fourth
quarter financial results of the Company, such calendar months being September
through February and March through August. During each offering period, a fixed
amount (up to 20% of the employee's gross (pre-tax) base salary or, in the case
of contractors, up to 20% of the service fee payable to such contractor) is
withheld from the employee's net salary or from the contractor's service fee,
which fixed amount must be at least a total of NOK 6,000 (or equivalent foreign
currency) for each offering period. The Participant may sign up to participate
in the ESPP from the date of the public disclosure of the half-yearly or fourth
quarter financial results until the day before the commencement of the offering
period. Unless the Participant actively withdraws from the ESPP, participation
is automatically renewed for the same amount for subsequent offering periods.
The board's resolution to issue new shares in connection with the ESPP is made
pursuant to the authorization granted by the Company's extraordinary general
meeting on 8 August 2025 to increase the Company's share capital in connection
with the ESPP. Settlement of the subscription amount is made by set-off against
debt to the employees and contractors (offset).
In accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation")
Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from
the obligation to publish a listing prospectus.
Upon registration of the share capital increases associated with the exercise of
incentive subscription rights and the issuance of ESPP shares in the Norwegian
Register of Business Enterprises, the Company's share capital will be NOK
419,407,276.50 divided into 838,814,553 shares, each having a par value of NOK
0.50.
About Ensurge Micropower:
Ensurge is energizing innovation with the first ultrathin, flexible, reliable,
and fundamentally safe solid-state lithium microbattery.
With a workforce of forty top-tier specialists based in the world's technology
capital, Silicon Valley, Ensurge has developed a future-oriented and innovative
microbattery technology. The microbattery is ideal for form-factor-constrained
applications, including hearables, 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 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.
Ensurge's production facilities are optimized for prototyping and small-scale
manufacturing. To scale efficiently, we aim to outsource the production of the
resulting intellectual property (IP) to specialized partners with industrial
manufacturing expertise.
Ensurge is listed on the Norwegian stock exchange and is financed out of Norway
by strong and reputable financial investors, reflecting both a strategic
investment and a robust transatlantic collaboration.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.