Brief: Ensurge Micropower: Contemplated Private Placement

Ensurge Micropower ASA

20/02/2024 15:55

Feb 20 (Reuters) - Ensurge Micropower ASA  ENSU.OL :
    * REG-ENSURGE MICROPOWER ASA: CONTEMPLATED PRIVATE PLACEMENT
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED FUND
COMPANY'S
OPERATIONS, WITH FOCUS ON GO-TO-MARKET ACTIVITIES AND PRODUCTION
RAMP UP
    * BOOKBUILDING PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE ON
20
FEBRUARY 2024 AT 16:30 CET AND IS EXPECTED TO CLOSE ON
21FEBRUARY 2024 AT 08:00 CET
    * HAS ENGAGED SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) (
"MANAGER")
TO ADVISE ON AND EFFECT A CONTEMPLATED PRIVATE PLACEMENT OF UP
TO 233,468,885 NEW ORDINARY SHARES IN COMPANY
    * CHAIRMAN OF BOARD, TERJE ROGNE, HAS UNDERTAKEN TO
SUBSCRIBE FOR
AND WILL BE ALLOCATED OFFER SHARES IN PRIVATE PLACEMENT FOR
TOTAL AMOUNT OF NOK 400,000
    * PRIVATE PLACEMENT WILL BE DIRECTED TOWARDS NORWEGIAN AND
INTERNATIONAL INVESTORS
    * FINAL NUMBER OF OFFER SHARES TO BE ISSUED, SUBSCRIPTION
PRICE
PER OFFER SHARE WILL BE DETERMINED BY COMPANY'S BOARD OF
DIRECTORS IN CONSULTATION WITH MANAGER, ON BASIS OF ACCELERATED
BOOKBUILDING PROCESS

Source text for Eikon:  ID:nGNE8cQyFM 
Further company coverage:  ENSU.OL 

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