Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA has resolved to grant 710,000 incentive subscription rights (“SRs”) to new employees and a contractor to the company.
The grant was made under the company’s 2013 incentive subscription rights plan as resolved at the annual general meeting on 16 May 2013. The exercise price of the SRs is NOK 5.24 per share. Vesting schedule: (1) 500,000 SRs: 25 per cent of the SRs vest at grant and additional 25 per cent vest at each anniversary of the grant. (2) 210,000 SRs: 25 per cent of the SRs vest at each anniversary of the grant. All 710,000 SRs expire on 16 May 2018.
Following the grant there are 28,186,345 incentive subscription rights outstanding. The company’s share capital remains unchanged, at NOK 51,706,159.80, divided into 344,707,732 registered shares each with a nominal value of NOK 0.15,
11 December 2013
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