Possible private placement of shares in IDEX
The board of directors of IDEX ASA (“IDEX”) intends to undertake a private placement of shares in order to raise additional working capital in the Company.
The private placement would be made pursuant to the existing board authorization to issue shares as granted by the general meeting in the Company. It is expected that the contemplated private placement will not exceed ten percent of the Company’s share capital and that the offer will be directed to less than 100 persons or entities.
The intent is that the private placement can be directed towards both existing shareholders and new investors. IDEX hereby invites persons and/or entities, who may be interested to participate in the private placement, to submit a notification of interest to the Company.
Such notification should be sent by e-mail, by no later than Wednesday 6 April 2011 at 17:30 hrs (Oslo time), to: IDEX ASA, for the attention of Erling Svela, e-mail: email@example.com.
The notification of interest should include name and contact information of the interested party.
The final resolution by the board of directors to proceed with a private placement will be duly announced.
Note that this announcement does not constitute an offer of securities for sale or issuance.
5 April 2011
IDEX IR contact
Erling Svela, CFO, IDEX ASA, +47 4062 1040, firstname.lastname@example.org
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication SmartFinger Film enables on-device enrollment, template storage and verification within the very same module. The SmartFinger Film sensor is thin and bendable and can be customized for a variety of applications such as One Time Password devices, Smartcards, ID cards, access control devices and biometric tokens. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. IDEX ASA (ticker IDEX) is 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