Grant of Incentive Subscription Rights in IDEX 12 Nov 2019
The board of directors of IDEX Biometrics ASA resolved on 12 November 2019 to issue 1,253,700 incentive subscription rights to employees in the IDEX group. The grant was made under the company’s 2019 incentive subscription rights plan as resolved at the annual general meeting on 9 May 2019. The exercise price of the subscription rights is NOK 0.71 per share. The subscription rights vest by 25% per year and expire on 9 May 2024. Following the grant there will be 49,973,100 subscription rights outstanding in IDEX.
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications, +44 1276 534 632
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX, OTCQB: IDXAF) is the leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast-growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act