Shares as board remuneration in IDEX
The annual general meeting of IDEX on 16 May 2013 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.
Chairman Morten Opstad elected to receive the full board remuneration in shares. This means that IDEX will issue 119,940 shares to Mr. Opstad in lieu of the cash board remuneration amounting to NOK 180,000. Mr. Opstad must pay the par value of the shares.
Board member Hanne Høvding elected to receive the full board remuneration in shares. This means that IDEX will issue 93,287 shares to Ms. Høvding in lieu of the cash board remuneration amounting to NOK 140,000. Ms. Høvding must pay the par value of the shares.
Board member Joan Frost Urstad elected to receive the full board remuneration in shares. This means that IDEX will issue 93,287 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 half of the board remuneration in shares. This means that IDEX will issue 46,643 shares to Mr. Voigt in lieu of half of the cash board remuneration amounting to NOK 70,000. Mr. Voigt must pay the par value of the shares.
The share capital of IDEX will increase by a total of NOK 52,973.55. The shares will be issued when the share capital has been paid in.
21 May 2013
IDEX ASA
Contact
Inge Berge, Business development and investor relations, +47 9326 8836, inge.berge@idexbiometrics.com
About IDEX
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 mailbox@idexbiometrics.com
