Exercise of incentive subscription rights in IDEX
The board of directors of IDEX ASA has resolved to issue a total of 2,200,000 shares to employees who have exercised incentive subscription rights which were granted in 2012 and 2013 under the company’s 2012 and 2013 incentive subscription rights plans. The weighted average exercise price is NOK 1.22 per share.
Following the share issue, the company’s share capital will be NOK 71,213,912.40 divided into 474,759,416 registered shares each with a nominal value of NOK 0.15. Following the exercise there will be 22,750,000 incentive subscription rights outstanding.
11 November 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 225 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