Private placement of shares in IDEX
Cenkos earned 4.0 per cent commission, NOK 12.0 million, on the private placement to funds managed by Invesco Asset Management Limited (“Invesco funds”) resolved on 29 January 2014. The commission was payable in shares or cash, as determined by Cenkos, as stated in the listing prospectus dated 4 February 2014. Cenkos has notified IDEX that it wishes to receive the commission in the form of shares in IDEX.
The shares to Cenkos are issued at the same subscription price as the shares issued to the Invesco funds, NOK 5.- per share. 800,000 shares are restricted for six months and 800,000 shares are restricted for 12 months.
The shares were issued under the authorization to the board to issue shares, resolved by the annual general meeting on 16 May 2013. The board chose to apply the existing shareholders’ waiver of preemptive right to subscribe for shares because the instant share issue settles a payable debt and is an integral part of the transaction with the Invesco funds.
Following the placement, the company’s share capital will be NOK 61,857,557.25 divided into 412,383,715 registered shares each with a nominal value of NOK 0.15.
21 March 2014
Erling Svela, CFO, +47 4062 1040, erling.svela(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger technology platform based on the Company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com