Grant of Incentive Subscription Rights in IDEX 14 Aug 2019
The board of directors of IDEX Biometrics ASA resolved on 14 August 2019 to issue 12,766,500 incentive subscription rights to employees and individual contractors in the IDEX group. Most of the grant was related to the company’s practice of making additional grants each year to ensure a long-term incentive for employees at all times. 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 1.65 per share. The subscription rights vest by 25% per year, and expire on 9 May 2024. Following the grant there will be 48,886,925 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) 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