IDEX issues shares to electronics manufacturer World Wide Touch Technology
The board of IDEX ASA has resolved to issue 7,365,060 shares at a price of NOK 4.15 per share in a private placement to World Wide Touch Technology (Holdings) Limited (“WWTT”). WWTT has subscribed for the shares, investing NOK 30.6 million in IDEX.
The resolution was made pursuant to an authorization to the board by the annual general meeting on 16 May 2013, to carry out private placements and share issues to suitable investors in order to raise additional capital for the company. The existing shareholders waived their preemptive right to subscribe for shares according to the Norwegian Public Limited Companies Act in the event of a share capital increase under the authorization.
Following this transaction, the share capital of IDEX ASA will amount to NOK 50,537,834.55, divided into 336,918,897 shares at NOK 0.15 par value per share, and there will be 27,085,153 incentive subscription rights outstanding.
2 September 2013
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Kristian Wiermyhr, VP strategy and sales, +47 41273360, kw(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
About World Wide Touch Technology
World Wide Touch Technology (Holdings) Limited was incorporated in 2009. The Group are principally engaged in a range of high technology products in the area of automation, touch, security, energy and communication.
The product range of the Group includes automation related equipment and services, capacitive touch pads, capacitive touch screen controllers and modules, fingerprint biometric devices, wireless charging devices, plasma lighting source products, high-speed communication- and automotive-related products.
With a vision to become a provider of “life technologies” to facilitate and improve the daily lives of the users, the Group strives to employ cutting-edge technologies in its products and implement strategic development plans in an effort to enlarge its market share and promoted the diversification of its product mix.
The Company has been listed on The Stock Exchange of Hong Kong Limited since 15 December 2010.
Web site: http://www.wwtt.hk