Grant of incentive subscription rights in IDEX
The board of directors of IDEX ASA has resolved to grant 580,000 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 5.83 per share. 25 % of the SRs vest on each anniversary from the date of the grant. The SRs expire on 7 May 2019.
Following the grant there are 25,950,362 incentive subscription rights outstanding. The company’s share capital remains unchanged, at NOK 61,867,141.80 divided into 412,447,612 registered shares each with a nominal value of NOK 0.15.
The board has resolved to amend the vesting and expiration terms of 3,000,000 incentive subscription rights which were granted on 30 August 2012. The subscription rights originally vested 2012-2014 and were to expire on 30 August 2014. The board resolved that the expiry date shall be deferred until 15 May 2017, and that the vesting shall be 25% at each anniversary from the original grant date. The number of subscription rights did not change by this resolution.
18 June 2014
Erling Svela, acting 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 email@example.com