Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 21 February 2018 to issue 5,215,000 incentive subscription rights to certain employees and individual contractors in the IDEX group. The grant was made under the company’s 2017 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2017. The exercise price of the subscription rights is NOK 4.67 per share.
25 per cent of the subscription rights vest per year. 4,500,000 subscription rights have one year’s accelerated vesting. The subscription rights expire on 12 May 2022. Following the grant there will be 31,250,500 subscription rights outstanding.
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959,
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.
For more information, www.idexbiometrics.com