Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 9 August 2017 to issue 4,435,000 incentive subscription rights to certain employees and individual contractors in the company. 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 7.76 per share. 25 % of the subscription rights vest per year. The subscription rights expire on 12 May 2022.
Following the grant there will be 25,005,000 subscription rights outstanding.
10 August 2017
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, email@example.com
IDEX develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Smart cards, mobile, and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.
For more information, please visit www.idexbiometrics.com