Exercises and grants of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 26 February 2016 to issue a total of 912,500 shares to employees who have exercised incentive subscription rights which were granted in 2013 under the company’s 2012 incentive subscription rights plan. The weighted average exercise price is NOK 1.47 per share.
The board of directors of IDEX ASA resolved on 26 February 2016 to issue 2,475,000 incentive subscription rights (“SRs”) to employees and a service provider of the company. The grant was made under the company’s 2015 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2015. The exercise price of the SRs is NOK 8.10 per share. 25 % of 1,975,000 SRs vest on each anniversary from the date of the grant. 25% of 500,000 SRs vest at grant and thereafter 25% on each anniversary from the data of grant. All the SRs now granted will expire on 12 May 2020.
Following the exercise and grant there will be 531,921,916 shares and and 23,782,500 incentive subscription rights outstanding.
29 February 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 more than 225 patents, and IDEX continues to enhance the portfolio with its commitment to ongoing world class research and innovation.
The IDEX business model involves the design of fingerprint sensor IP and products. IDEX sells fingerprint sensor products, and licences its technology to global Original Equipment Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of innovative biometrically enabled products and pay IDEX either a royalty on every product item produced, or purchase the fingerprint sensor units.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
* Mobile Devices
* ID security and Smart Cards
* The Internet of Things
IDEX has an exciting and competitive product ready 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 these products.
In February 2016, IDEX announced that it had received its first production order for its Cardinal touch fingerprint sensor optimized for tier-one mobile handsets, IDEX will begin to ship units in the second quarter 2016.
IDEX also recently announced it had developed the world’s first flexible polymer touch sensor suitable for ISO-card integration.
IDEX ASA (IDEX:NO) is a Norwegian public company, founded in 1995, 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