Mandatory Notice of Trade in IDEX – Incentive Subscription Rights
On 15 August 2018 the following two primary insiders were granted incentive subscription rights under the company’s 2018 incentive subscription rights plan as resolved at the annual general meeting on 9 May 2018.
Adviser Larry Ciaccia, who is also a shareholder-elected board member, was granted 600,000 incentive subscription rights to shares in IDEX. The exercise price of the subscription rights is NOK 5.10 per share. 34 per cent of the subscription rights vest on the grant date on the condition that Mr. Ciaccia has not terminated his service agreement with IDEX before 15 August 2019, and another 33 per cent vest on 15 July 2019 and 15 July 2020. The subscription rights expire on 9 May 2023. Following the grant, Mr. Ciaccia holds or controls 121,563 shares and 600,000 subscription rights in IDEX.
Senior Vice President of Sales & Marketing David Orme, who joined IDEX on 4 June 2018, was granted 2,000,000 incentive subscription rights to shares in IDEX. The exercise price of the subscription rights is NOK 5.10 per share. 25 per cent of the subscription rights vest per year and the subscription rights expire on 9 May 2023. Following the grant, Mr Orme holds or controls 0 (nil) shares and 2,000,000 subscription rights in IDEX.
Contact
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idexbiometrics.com
About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form-factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo Stock Exchange under the ticker IDEX.
For more information please visit www.idexbiometrics.com and follow us on Twitter @IDEXBiometrics
Adviser Larry Ciaccia, who is also a shareholder-elected board member, was granted 600,000 incentive subscription rights to shares in IDEX. The exercise price of the subscription rights is NOK 5.10 per share. 34 per cent of the subscription rights vest on the grant date on the condition that Mr. Ciaccia has not terminated his service agreement with IDEX before 15 August 2019, and another 33 per cent vest on 15 July 2019 and 15 July 2020. The subscription rights expire on 9 May 2023. Following the grant, Mr. Ciaccia holds or controls 121,563 shares and 600,000 subscription rights in IDEX.
Senior Vice President of Sales & Marketing David Orme, who joined IDEX on 4 June 2018, was granted 2,000,000 incentive subscription rights to shares in IDEX. The exercise price of the subscription rights is NOK 5.10 per share. 25 per cent of the subscription rights vest per year and the subscription rights expire on 9 May 2023. Following the grant, Mr Orme holds or controls 0 (nil) shares and 2,000,000 subscription rights in IDEX.
Contact
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idexbiometrics.com
About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form-factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo Stock Exchange under the ticker IDEX.
For more information please visit www.idexbiometrics.com and follow us on Twitter @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
