Grant and exercise of incentive subscription rights in IDEX
Grant of incentive subscription rights
The board of directors of IDEX ASA resolved on 24 February 2017 to issue 2,800,000 incentive subscription rights to certain employees and individual contractors in the company. The grant was 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 subscription rights is NOK 6.59 per share. 25 % of the subscription rights vest on each anniversary from the date of the grant. The subscription rights expire on 11 May 2021.
In addition, the Board resolved to extend the duration of 500,000 subscription rights granted in 2013, from 23 September 2017 until 16 May 2018.
Exercise of incentive subscription rights
The board of directors of IDEX ASA resolved on 24 February 2017 to issue 6,462,500 new shares to employees who have exercised subscription rights which were granted in 2013, 2014 and 2015 under the company’s incentive subscription rights plans at the respective grant dates. The weighted average exercise price per share is NOK 1.68.
Carnegie AS has placed 4,887,500 shares in IDEX in connection with the exercise of subscription rights by employees.
Following the issue of the new shares, the company’s share capital will be NOK 81,036,413.25 divided into 540,242,755 registered shares each with a nominal value of NOK 0.15. Following the grant and exercise there will be 22,500,000 subscription rights outstanding.
24 February 2017
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, email@example.com
IDEX develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Mobile, Smart Cards and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo Børs in 2010.
For more information, please visit www.idexbiometrics.com