Allocation in private placement in IDEX
IDEX received subscriptions for 11.8 million shares at NOK 1.00 per share in the successful private placement of shares, which was oversubscribed by 30 per cent and closed on 9 May 2012.
The board has resolved to increase the private placement by 10 per cent, to 9,954,013 shares.
The board has proposed to the annual general meeting on 15 May 2012 to issue one warrant (“2012-warrant”) for each new share allocated in the placement. The 2012-warrants will have an exercise price of NOK 1.30 per share and will be exerciseable in the period 3-14 September 2012. The combined placement and 2012-warrants exercise secures funding for IDEX through 2012.
Holders of 2011-warrants were given priority in the allocation. Notices of allocation have been sent out to subscribers. The payment deadline is Monday 21 May 2012 and the shares will be issued in the VPS (the Norwegian Central Depository of Securities) as soon as practical following the registration of the share capital increase in the Register of Business Enterprises.
After completion of the placement, the share capital in IDEX will amount to NOK 42,287,198.10, consisting of 281,914,654 shares, each with a par value of NOK 0.15
11 May 2012
IDEX ASA
Press contact:
Ralph W. Bernstein, CEO, +47 9305 9303, ralph.bernstein@idexbiometrics.com
About IDEX ASA
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. For more information, please visit www.idexbiometrics.com or contact IDEX at: mailbox@idexbiometrics.com.
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