Ensurge Micropower ASA - Employee Share Purchase Plan

(MENAFN- GlobeNewsWire - Nasdaq) Ensurge Micropower ASA (the "Company") has on 2 September 2025 resolved to issue 1,629,232 ordinary shares at an average subscription price of NOK 1.0072 per share to employees and contractors ("Participants") in the Company who participate in the Company's 2025 Employee Share Purchase Plan ("ESPP"). The ESPP was approved by the Extraordinary General Meeting on 8 August 2025.

10 Participants participated in the ESPP in the offering period, which expired on 29 August 2025. The Participants have elected to invest a part of the base salary or service fee in ordinary shares in the Company.

Primary insiders
Ensurge Micropower ASA discloses transactions under the ESPP by the following primary insiders:
* Lars Eikeland, CFO, acquired 678,564 ordinary shares under the ESPP.
* Ståle Bjørnstad, VP, Corporate Development and IR, acquired 202,949 ordinary shares under the ESPP.
* Shoba Rao, VP, Manufacturing, acquired 109,371 ordinary shares under the ESPP.
* Jay Tu, VP Operations, acquired 137,795 ordinary shares under the ESPP.

Please see the enclosed forms for further details on the transactions.

Ensurge Micropower ASA 2025 ESPP

The ESPP is available on the Company's website.

Any person who is an eligible participant has been offered to subscribe for shares in the Company in connection with the ESPP. The ESPP is structured around two offering periods, starting on the first day of the calendar month following each planned public disclosure on Oslo Børs of the half-yearly and fourth quarter financial results of the Company, such calendar months being September through February and March through August. During each offering period, a fixed amount (up to 20% of the employee's gross (pre-tax) base salary or, in the case of contractors, up to 20% of the service fee payable to such contractor) is withheld from the employee's net salary or from the contractor's service fee, which fixed amount must be at least a total of NOK 6,000 (or equivalent foreign currency) for each offering period. The Participant may sign up to participate in the ESPP from the date of the public disclosure of the half-yearly or fourth quarter financial results until the day before the commencement of the offering period. Unless the Participant actively withdraws from the ESPP, participation is automatically renewed for the same amount for subsequent offering periods. The board's resolution to issue new shares in connection with the ESPP is made pursuant to the authorization granted by the Company's extraordinary general meeting on 8 August 2025 to increase the Company's share capital in connection with the ESPP. Settlement of the subscription amount is made by set-off against debt to the employees and contractors (offset).

In accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation") Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from the obligation to publish a listing prospectus.

Upon registration of the share capital increases associated with the exercise of incentive subscription rights and the issuance of ESPP shares in the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 419,407,276.50 divided into 838,814,553 shares, each having a par value of NOK 0.50.

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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