Mandatory notification of trade in IDEX
On 21 February 2018, primary insider of IDEX ASA, Stan Swearingen received 4,500,000 incentive subscription rights under the company’s 2017 Subscription Rights Incentive Plan. Mr Swearingen, who is currently the Chief Products Officer of IDEX, was appointed new CEO of IDEX by the Board on the same date, and the grant is related to this appointment.
The exercise price of the subscription rights is NOK 4.67 per share. 25 per cent of the subscription rights vest on the date Mr Swearingen takes office as CEO. Thereafter, 25 per cent of the subscription rights vest on 15 January each year. The subscription rights expire on 12 May 2022.
Following the grant, Mr. Swearingen hold or control 50,000 shares and 6,815,000 subscription rights in IDEX.