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

Company Overview - Ensurge Micropower ASA has appointed Shauna McIntyre as the new CEO, effective from 28 August 2025, following the announcement made on 7 August 2025 [1] - The company specializes in ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery technology [3] CEO Compensation - The Board of Directors has granted a total of 30,687,311 incentive subscription rights to the new CEO under the 2025 incentive subscription rights plan, with an exercise price of NOK 1.316 per share [2] - The subscription rights will vest over four years, with 25% vesting on the first anniversary of the effective date and the remaining 75% vesting in equal quarterly installments thereafter [3] Technology and Manufacturing - Ensurge's microbattery technology is designed for form-factor-constrained applications, including hearables, digital and health wearables, sports and fitness devices, and IoT sensor solutions [4] - The company operates a state-of-the-art manufacturing facility that combines patented process technology and materials innovation, optimized for prototyping and small-scale manufacturing [5] - To scale efficiently, Ensurge plans to outsource the production of resulting intellectual property to specialized partners with industrial manufacturing expertise [5] Financial and Market Position - Ensurge is listed on the Norwegian stock exchange and is financed by strong and reputable financial investors, indicating a strategic investment and robust transatlantic collaboration [6]