Private placement resolved at extraordinary general meeting in IDEX
IDEX ASA held an extraordinary general meeting on 29 April 2015. 43.3% per cent of the shares were represented.
All resolutions were made unanimously in accordance with the proposals by the board.
The general meeting resolved a private placement of 52,500,000 new shares and issue of 26,250,000 warrants in IDEX, to funds managed by Woodford Investment Management LLP.
Following the placement, the company’s share capital will be NOK 70,368,033.60 divided into 469,120,224 registered shares each with a nominal value of NOK 0.15. There will be 56,250,000 warrants and 24,884,000 incentive subscription rights outstanding.
29 April 2015
Henrik Knudtzon, CFO, +47 93 02 28 27, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company 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
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.