Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 16 April 2015 to issue 540,000 incentive subscription rights (“SRs”) to new employees in the company. The grant was made under the company’s 2014 incentive subscription rights plan as resolved at the annual general meeting on 7 May 2014. The exercise price of the SRs is NOK 6.49 per share. 500,000 SRs vest by 25 % on each anniversary from the date of the grant. 40,000 SRs vest by 25 % on grant and additional 25% on each anniversary from the date of the grant. The SRs expire on 7 May 2019.
Following the grant there will be 24,884,000 incentive subscription rights outstanding.
17 April 2015
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com