Mandatory notification of trades in IDEX
On 24 February 2017, Dr. Hemant Mardia, primary insider and CEO of IDEX, exercised 5,000,000 subscription rights that were granted to him under the company’s 2013 incentive subscription rights plan and acquired the corresponding number of shares at a weighted average price of NOK 1.69 per share. To fund the exercise and tax amounts, Dr. Mardia sold 3,250,000 shares at a price of NOK 6.00 per share on the same day. Following these transactions, Dr. Mardia and his close associates hold or control 2,115,625 shares and 3,250,000 subscription rights in IDEX.
On 24 February 2017, Fred Benkley, primary insider and CTO of IDEX, was granted 750,000 subscription rights under the company’s 2016 incentive subscription rights plan. The exercise price of the subscription rights is NOK 6.59 per share. 25 % of the subscription rights vest on each anniversary from the date of the grant. The subscription rights expire on 11 May 2021. In addition, the Board resolved to extend the duration of 500,000 subscription rights granted to Mr. Benkley in 2013, from 23 September 2017 until 16 May 2018. Following these transactions, Mr. Benkley and close associates hold or control 0 (nil) shares and 1,600,000 subscription rights in IDEX.
24 February 2017