Mandatory notice of trade in IDEX
IDEX ASA issues this notice on behalf of the primary insiders below. Following the annual general meeting of IDEX on 12 May 2015, chairman Morten Opstad and board members Hanne Høvding and Andrew James MacLeod elected to receive part or full board remuneration in shares.
Chairman Morten Opstad will acquire 22,031 shares for which he will pay a subscription price of NOK 0.15 per share instead of NOK 100,000 of his cash board remuneration. After this transaction, Mr. Opstad and his close associates will hold 6,889,196 shares and no other rights to shares in IDEX.
Board member Hanne Høvding will acquire 49,569 shares for which she will pay a subscription price of NOK 0.15 per share instead of receiving a cash board remuneration of NOK 225,000. After this transaction, Ms. Høvding will hold 317,575 shares and no other rights to shares in IDEX.
Board member Andrew James Macleod will acquire 66,092 shares for which he will pay a subscription price of NOK 0.15 per share instead of receiving a cash board remuneration of NOK 300,000. After this transaction, Mr. MacLeod will hold 122,092 shares and no other rights to shares in IDEX.
13 May 2015
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com