Brief: Ensurge Micropower Contemplates Private Placement

Ensurge Micropower ASA

19/09/2024 15:38

Sept 19 (Reuters) - Ensurge Micropower ASA  ENSU.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * SUBSCRIPTION PRICE PER OFFER SHARE WILL BE NOK 1.0
    * CONTEMPLATES CONDUCTING PRIVATE PLACEMENT OF BETWEEN 50
AND 75
MILLION NEW ORDINARY SHARES
    * PRIVATE PLACEMENT MAY BE DIVIDED INTO TWO TRANCHES,
DEPENDING ON
FINAL NUMBER OF OFFER SHARES TO BE ISSUED
    * MANAGERS COMMENCED WALL CROSSING OF POTENTIAL INVESTORS ON
17
SEPT 2024
    * SHORTLY FOLLOWING THE TIME OF COMMENCEMENT OF THE WALL
CROSSING,
SUBSTANTIAL VOLUMES OF SHARES WERE SOLD IN THE MARKET, CAUSING
DECREASE IN SHARE PRICE BY ABOUT 30% 
    * CO SUSPECTED UNEQUAL INFORMATION IN THE MARKET AND
PROCEEDED TO CONTACT OSLO BØRS MARKET SURVEILLANCE 

Source text for Eikon:  ID:nGNE7SrWv3 
Further company coverage:  ENSU.OL 

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