Exercise and grant of incentive subscription rights in IDEX
Exercise of subscription rights
The board of directors of IDEX ASA resolved on 11 May 2015 to issue 151,500 shares to an employee who has exercised incentive subscription rights which were granted in 2011 under the company’s 2010 incentive subscription rights plan. The exercise price is NOK 1.96 per share.
Grant of subscription rights
The board of directors of IDEX ASA resolved on 11 May 2015 to issue 80,000 incentive subscription rights (“SRs”) to employees in the company. The grant was made under the company’s 2014 incentive subscription rights plan as resolved at the annual general meeting on 7 May 2014. The exercise price of the SRs is NOK 6.04 per share. 25 % of the SRs vest on each anniversary from the date of the grant. The SRs expire on 7 May 2019.
Following the share issue, the company’s share capital will be NOK 70,390,758.60 divided into 469,271,724 registered shares each with a nominal value of NOK 0.15. Following the grant and exercise there will be 24,662,500 incentive subscription rights outstanding.
12 May 2015
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com