Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 6 May 2013 to grant a total of 4,600,000 incentive subscription rights (“SRs”) to managers in the company, under the company’s 2012 incentive subscription rights plan as resolved at the annual general meeting on 15 May 2012.
The exercise price of the SRs is NOK 1.80 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 15 May 2017.
The recipients were Hemant Mardia, who will soon become CEO in IDEX ASA, and Ralph W. Bernstein, who remains the CTO of the company.
7 May 2013