Exercise and grants of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 9 November 2016 to issue 1,500,000 shares to an employee who has exercised incentive subscription rights which were granted in 2012 under the company’s 2012 incentive subscription rights plan. The average exercise price is NOK 1.23 per share.
The board of directors of IDEX ASA resolved on 9 November 2016 to issue 1,840,000 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 6.59 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 553,780,255 shares at par value NOK 0.15 per share, and 26,747,500 incentive subscription rights outstanding.
10 November 2016
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX develops advanced fingerprint sensor technology and products. The technology is used in a range of biometrically enabled applications within three core markets: mobile devices, ID security and smart cards and the internet of things (IOT). IDEX addressable market represents a fast growing multi-billion unit opportunity.
IDEX’s technology includes both silicon and polymer based capacitive sensors, which means that the company can offer its partners unique solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on Oslo Børs since 2010.