Shares as board remuneration in IDEX
The annual general meeting of IDEX on 15 May 2012 resolved that the board members could elect to receive all or part of the board remuneration in the form of shares in IDEX; that the number of shares shall correspond to a value of 133 per cent of the NOK amount granted as board remuneration; that the board member must pay a subscription price per share equal to the par value of the share, being NOK 0.15; and that the shares are locked up for one year from the date of the annual general meeting.
Board member Joan Frost Urstad elected to receive the full board remuneration in shares. This means that IDEX will issue 184,356 shares to Ms. Frost Urstad in lieu of the cash board remuneration amounting to NOK 140,000. Ms. Frost Urstad must pay the par value of the shares.
Board member Harald Voigt elected to receive the full board remuneration in shares. This means that IDEX will issue 184,356 shares to Mr. Voigt in lieu of the cash board remuneration amounting to NOK 140,000. Mr. Voigt must pay the par value of the shares.
The share capital of IDEX will increase by a total of NOK 55,306.80. The shares will be issued when the share capital has been paid in.
16 May 2012
IDEX ASA
