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Ensurge Micropower ASA – Grant of Incentive Subscription Rights to new CEO

Written by Customer Service on . Posted in Public Companies.

Reference is made to the announcement by Ensurge Micropower ASA (the “Company”) on 7 August 2025, whereby it was announced that the new CEO of the Company, Shauna McIntyre, was to assume the role on or about 1 September 2025. The Company informs that Shauna McIntyre assumed the role as CEO of the Company as of 28 August 2025.

In connection with the employment of the new CEO, the Board of Directors of the Company has resolved to grant a total of 30,687,311 incentive subscription rights to Shauna McIntyre, under the Company’s 2025 incentive subscription rights plan, as approved at the Extraordinary General Meeting held in the Company on 8 August 2025. The exercise price of the subscription rights is calculated to NOK 1.316 per share. 

The subscription rights shall vest over four years, with 25% vesting on the first anniversary of the effective date, the latter being 28 August 2025, and the remaining 75% vesting in equal quarterly installments thereafter.

The subscription rights expire on 8 August 2030. 

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.

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