Grant of Incentive Subscription Rights in IDEX Biometrics 11 August 2021
The board of directors of IDEX Biometrics ASA resolved on 11 August 2021 to issue 8,880,100 incentive subscription rights to 103 new and continuing employees and individual contractors in the IDEX Biometrics group. The grant was made under the company’s 2021 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2021. The exercise price of the subscription rights is NOK 2.40 per share. The subscription rights vest by 25% per year over four years and expire on 12 May 2026. Following the grants there are 67,770,262 subscription rights outstanding in IDEX.
Primary insiders who received grants
Vince Graziani, CEO of IDEX Biometrics, received on 11 August 2021 a grant of 1,210,400 incentive subscription rights to shares in IDEX. The grant was made for no consideration.
Jamie Simms, CFO of IDEX Biometrics, received on 11 August 2021 a grant of 247,400 incentive subscription rights to shares in IDEX. The grant was made for no consideration.
Anthony Eaton, CTO of IDEX Biometrics, received on 11 August 2021 a grant of 210,300 incentive subscription rights to shares in IDEX. The grant was made for no consideration.
IDEX Biometrics’ shares have ISIN NO0003070609.
For further information contact:
Marianne Bøe, Investor Relations
Tel: + 47 9180 0186
James A. Simms, Chief Financial Officer
Tel: +1 978 319 5372
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technologies offering simple, secure, and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices, or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow on Twitter @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act