IDEX – Mandatory notice of trades
IDEX ASA (“IDEX”) issues this notice on behalf of certain primary insiders in the company.
The annual general meeting of IDEX on 11 May 2010 granted new subscription rights to effectively reprice subscription rights granted as board remuneration, which were sharply discounted in value by the 7.5-for-1 rights issue in 2009. Hanne Høvding received 26,532 subscription rights and Joan Frost Urstad and Harald Voigt 53,064 subscription rights each. The exercise price of the SRs is NOK 1.20 per share. 25 per cent of the SRs vest at each anniversary from the date of the grant. The SRs expire on 11 May 2015.
Following the annual general meeting of IDEX on 11 May 2010, the board members Joan Frost Urstad and Harald Voigt each elected to receive a part of the board remuneration in in shares. Each of the two will acquire 56,900 shares at a subscription price of NOK 0.15 per share in lieu of a board remuneration of NOK 50,911. Thus, the effective price is NOK 1.05 per share.
Following these transactions, the board members above hold or control the following number of shares and rights to shares in Thinfilm:
Hanne Høvding and close associates hold or control 152,664 shares, 103,333 warrants and 29,657 subscription rights.
Joan Frost Urstad and close associates hold or control 85,234 shares, 25,000 warrants and 59,314 subscription rights.
Harald Voigt and close associates hold or control 2,446,436 shares, 0 (nil) warrants and 59,314 subscription rights.
11 May 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)