IDEX shares as board remuneration
The annual general meeting of IDEX on 7 May 2014 resolved that the board members could elect to receive all or part of the board remuneration in the form of shares in IDEX; that the number of shares shall correspond to a value of 133 per cent of the NOK amount granted as board remuneration; that the board member must pay a subscription price per share equal to the par value of the share, being NOK 0.15; and that the shares are locked up for one year from the date of the annual general meeting.
Board member Frode Haugli elected to receive a part of the board remuneration in shares. This means that IDEX will issue 20,116 shares to Mr. Haugli instead of NOK 85,000 in cash board remuneration. Mr. Haugli must pay the par value of the shares.
Board member Hanne Høvding elected to receive the full board remuneration in shares. This means that IDEX will issue 43,781 shares to Ms. Høvding instead of the cash board remuneration amounting to NOK 185,000. Ms. Høvding must pay the par value of the shares.
The share capital of IDEX will increase by a total of NOK 9,584.55. The shares will be issued when the share capital has been paid in.
8 May 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 firstname.lastname@example.org