Exercise of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 2 October 2014 to issue 541,250 shares to an employee who has exercised incentive subscription rights which were granted in 2010, 2011 and 2013 under the company’s incentive subscription rights plans in the respective periods. The weighted average exercise price per share is NOK 1.55.
Following the share issue, the company’s share capital will be NOK 61,948,329.30 divided into 412,988,862 registered shares each with a nominal value of NOK 0.15. Following the exercise there will be 26,865,362 incentive subscription rights outstanding.
3 October 2014
Erling Svela, VP Finance, +47 4062 1040, erling.svela(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of more than 20 patent families including more than 200 granted patents, including cross licensing 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 one 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 Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com