Grant of incentive subscription rights in IDEX Biometrics – 18 May 2020
The board of directors of IDEX Biometrics ASA resolved on 18 May 2020 to issue 357,300 incentive subscription rights to employees in the IDEX group. The grant was made under the company’s 2020 incentive subscription rights plan as resolved at the annual general meeting on 15 May 2020. The exercise price of the subscription rights is NOK 1.63 per share. The subscription rights vest by 25% per year over four years and expire on 15 May 2025. Following the grant there are 57,453,193 subscription rights outstanding in IDEX.
For further information contact:
Marianne Bøe, Investor Relations
Tel: + 47 918 00186
Derek D’Antilio, Chief financial Officer
Tel: +1 197 827 31344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal 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