Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA has resolved to grant a combined total of 1,500,000 incentive subscription rights (“SRs”) to new employees in the company, wiz. Fred Benkley, Thar Casey and David Geoffery, who are joining IDEX to constitute the management team of IDEX’s US subsidiary IDEX America, Inc.
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 4.67 per share. 25 per cent of the SRs vested at grant, while 25 per cent of SRs vest on each of the three anniversaries from the date of the grant. The SRs expire on 23 September 2017.
Following the grant, the company’s share capital will be NOK 50,585,159.55 divided into 337,234,397 registered shares each with a nominal value of NOK 0.15, and there will be 28,469,653 incentive subscription rights outstanding.
23 September 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 firstname.lastname@example.org