Exercise and grants of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 10 August 2016 to issue 200,000 shares to an employee who has exercised incentive subscription rights which were granted in 2013 under the company’s 2012 incentive subscription rights plan. The average price is NOK 1.15 per share.
The board of directors of IDEX ASA resolved on 10 August 2016 to issue 3,380,000 incentive subscription rights (SRs) to employees of the company. The grants were made under the company’s 2016 incentive subscription rights plan as resolved at the annual general meeting on 11 May 2016. The exercise price of the SRs is NOK 7.79 per share. 25 % of the SRs vest on each anniversary from the date of the grant, and expire on 11 May 2021.
Following the exercise and grant there will be 532,280,255 shares in issue and 26,642,500 incentive subscription rights outstanding.
11 August 2016
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX has developed the world’s most advanced fingerprint imaging, recognition and authentication technology. IDEX’s innovative Intellectual Property (IP) is protected by a comprehensive portfolio of 45 granted and pending patent families, which continues to grow through ongoing innovation.
The IDEX business model is based on designing innovative fingerprint sensor IP and products. IDEX sells fingerprint sensor products or licences its IP to global original equipment manufacturers (OEMs). These partners utilise IDEX IP in a range of biometrically enabled products. The customers are either purchasing IDEX fingerprint sensor units or paying a royalty on units they produce.
IDEX’s addressable market represents a multi-billion unit opportunity, centered on three core markets:
* Mobile devices
* ID security and smart cards
* The Internet of Things
IDEX has an exciting and competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently commercialising these products and has announced a number of important OEM partnerships and end user design wins.
IDEX ASA (IDEX:NO) is a Norwegian public company, founded in 1996, and its shares are listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com