Exercise of incentive subscription rights in IDEX, placement of shares
The board of directors of IDEX ASA has resolved to issue 5,275,983 shares to employees who have exercised incentive subscription rights which were granted in 2009, 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 1.09.
ABG Sundal Collier and N+1 Singer Capital Markets have been retained to sell up to 2,936,430 shares in IDEX in connection with exercise of subscription rights by employees. The employees are only selling sufficient number of shares to cover the exercise and tax amounts associated with the exercise. The placement will be carried out after market close on 24 February 2014.
Of the total number of exercised subscription rights, 1,739,628 are from the following primary insiders who are selling a total of up to 1,031,162 shares:
Dr. Ralph W. Bernstein, CTO, exercises 1,672,960 subscription rights at a weighted average price of NOK 1.14 per share and sells 991,161 shares.
Mr. Erling Svela, CFO, exercises 66,668 subscription rights at a price of NOK 1.20 per share and sells 40,001 shares.
Following the share issue, the company’s share capital will be NOK 61,497,557.25 divided into 409,983,715 registered shares each with a nominal value of NOK 0.15. Following the exercise there will be 23,480,362 incentive subscription rights outstanding.
24 February 2014
Erling Svela, CFO, +47 4062 1040, erling.svela(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger® technology platform based on the company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com