10 Nov 2024 18:35 CET

Issuer

ENSURGE MICROPOWER ASA

Oslo, 10 November 2024

Reference is made to the Extraordinary General Meeting in the Company on 10
November 2023, which resolved to issue convertible loans with a total par value
of NOK 4,500,000(the "Convertible Loan), whereby the Convertible Loan, 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.

A lender of a total principal amount of NOK 1,500,000 of such Convertible Loan
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 10 November 2024 to approve the conversion of a
convertible loan in the principal amount of NOK 1,500,000, plus accrued
interest, and the resulting issuance of a total of 3,003,131 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 350,114,738.50 divided into 700,229,477
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.


Source

Ensurge Micropower ASA

Provider

Oslo Børs Newspoint

Company Name

ENSURGE MICROPOWER ASA

ISIN

NO0013186460

Symbol

ENSU

Market

Oslo Børs