Mandatory notice of trade in IDEX
IDEX ASA issues this notice on behalf of primary insiders of the company who conducted transactions on 24 February 2015.
CTO Ralph W. Bernstein exercised 1,000,000 incentive subscription rights and acquired the corresponding number of shares at a weighted average price of NOK 1.16 per share. To fund the exercise and tax amounts, Dr. Bernstein has sold 684,200 shares at a price of NOK 4.86 per share. After these transactions, Dr. Bernstein holds 997,599 shares and 1,000,000 incentive subscription rights in IDEX.
Board member Hanne Høvding exercised 26,532 subscription rights granted as board remuneration in 2010 and acquired the corresponding number of shares at a price of NOK 1.20 per share. After this transaction, Ms. Høvding will hold 268,006 shares and 0 (nil) rights to shares in IDEX.
Vice President of Finance Erling Svela exercised 640,000 incentive subscription rights and acquired the corresponding number of shares at a price of NOK 1.96 per share. To fund the exercise and tax amounts, Mr. Svela sold 463,500 shares at a price of NOK 4.86 per share. After these transactions, Mr. Svela holds 203,167 shares and 0 (nil) rights to shares in IDEX.
25 February 2014
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
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