Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA has resolved to grant a combined total of 1,300,000 incentive subscription rights (“SRs”) to new employees and contractors in 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 5.42 per share.
800,000 SRs vest as follows: 25 per cent of the SRs vest on each of the four anniversaries following the grant. 500,000 SRs vest as follows: 34 per cent of the SRs vest on the date of grant, and an additional 33 per cent vest after twelve months, with the final 33 per cent vesting two years following the date of grant. The SRs expire on 16 May 2018.
Following the grant, the company’s share capital will be NOK 51,287,159.55 divided into 341,914,397 registered shares each with a nominal value of NOK 0.15, and there are 29,769,653 incentive subscription rights outstanding.
7 October 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