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This disclosure is being sent on behalf of a certain significant shareholder of Ensurge Micropower ASA (the “Companyâ€).
Reference is made to the announcement made by the Company on July 3, 2021 regarding the approval of exercise of warrants and the subsequent issuance of 293,779,503 new shares following registration in the Norwegian Register of Commercial Companies. As a result of the exercise of the C warrants and the issuance of new shares of the Company, a certain significant shareholder discloses the following information in accordance with section 4-2 of the Norwegian Securities Act and to the regulation of the law on securities transactions.
Tigerstaden AS will be issued 35,083,333 shares by conversion of an equal amount of C warrants. Following the conversion, the participation of Tigerstaden AS will represent 8.72% of the total number of outstanding shares of the Company, holding a total of 135,083,333 Company shares. In addition, Tigerstaden AS holds 45,454,545 B Warrants with an exercise price of NOK 0.25 per share and which may be exercised at any time until August 20, 2021. All unexercised Warrants will represent 2.93% of the total number of outstanding shares of the Company. All unexercised shares and warrants combined will represent 11.65% of the total number of outstanding shares of the Company.
The threshold to be crossed is the percentage of unexercised warrants.
July 5, 2021
Ensurge Micropower ASA
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