Share capital registered, grant of incentive subscription rights, exercise of incentive subscription rights in IDEX
Share capital registered
IDEX ASA issued 237,500 shares on 27 January 2015 to an employee who had exercised incentive subscription rights, cf. notice issued on 28 January 2015. The share capital increase has been registered and the company’s share capital is NOK 62,058,954.30 divided into 413,726,362 registered shares each with a nominal value of NOK 0.15.
Grant of subscription rights
The board of directors of IDEX ASA resolved on 24 February 2015 to issue 1,015,000 incentive subscription rights (“SRs”) to new employees in the company. The grant was made under the company’s 2014 incentive subscription rights plan as resolved at the annual general meeting on 7 May 2014. The exercise price of the SRs is NOK 4.90 per share. 25 % of the SRs vest on each anniversary from the date of the grant. The SRs expire on 7 May 2019.
Exercise of subscription rights
The board of directors of IDEX ASA resolved on 24 February 2015 to issue 2,893,862 shares to employees who have exercised incentive subscription rights which were granted in 2010, 2011 and 2013 under the company’s incentive subscription rights plans for 2010 and 2012. The weighted average exercise price per share is NOK 1.72.
Arctic Securities has placed 2,049,250 shares in IDEX in connection with the exercise of subscription rights by employees. The employees only sold sufficient number of shares to cover the exercise and tax amounts associated with the exercise.
Following the share issue, the company’s share capital will be NOK 62,493,033.60 divided into 416,620,224 registered shares each with a nominal value of NOK 0.15. Following the grant and exercise there will be 24,344,000 incentive subscription rights outstanding.
25 February 2014
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon, CFO, +47 9302 2827, 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