Share capital increase in IDEX registered
Reference is made to notices (i) on 29 April 2015 about 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, and (ii) on 2 May 2015 about exercise of 151,500 incentive subscription rights.
The share capital increases have been registered and the company’s share capital is NOK 70,390,758.60 divided into 469,271,724 registered shares each with a nominal value of NOK 0.15. The shares will be delivered soonest.
15 May 2015
Erling Svela, VP Finance, +47 4062 1040, erling.svela(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 firstname.lastname@example.org