Successful private placement in IDEX

The private placement in IDEX ASA (“IDEX”) was subscribed 1.9 times.

IDEX is pleased to announce a successful placement in which the Company has raised equity in an amount of NOK 32.6 million before expenses. The book building period for the private placement closed on 8 April 2011 at 12 noon and the Board has resolved to issue 18,098,222 new shares to 51 investors at a subscription price of NOK 1.80 per share.

One warrant is proposed attached to and issued for every two shares subscribed for and allocated in the placement. The warrants will have an exercise price of NOK 2.10 per share and a term of one year. Thus, the potential combined gross proceeds are NOK 51.6 million. The issuance of warrants remains subject to approval by the general meeting of the Company on 19 May 2011.

The maximum size of the placement was 21.2 million shares. The Company received offers for almost 40 million shares, and the subscription price was set close to the maximum price. The Company’s offer and placement was directed to less than 100 persons.

“The positive outcome of the private placement validates the Company’s technology and market strategy. IDEX has now a solid financial base for implementation of our commercial plans and ramping up to volume manufacturing,” says Ralph W. Bernstein, CEO of IDEX. “The last months have been exciting times for IDEX. The Company has recently entered into several important cooperation agreements aimed at qualifying the award-winning SmartFinger Film sensor for use in biometric cards and transactional security devices. The volumes in these markets are immense,” Mr Bernstein continues.

Morten Opstad, Chairman of the IDEX Board, also expresses his satisfaction with the outcome of the placement. “It is a pleasure to experience the strong investor interest in the placement, from existing as well as important, new investors, resulting in significant oversubscription and a favourable subscription price” Mr. Opstad says.

Notices of allocation will be sent out to subscribers on Monday 11 April 2011. The payment deadline is Friday 15 April 2011 and the shares will be issued in the VPS (the Norwegian Central Depository of Securities) as soon as practical following the registration of the share capital increase in the Register of Business Enterprises.

Following consummation of the private placement, the share capital of IDEX will amount to NOK 34,954,704.60 consisting of 233,031,364 shares outstanding, each with a par value of NOK 0.15.

11 April 2010

Press contact
Dr. Ralph W. Bernstein, CEO, IDEX ASA, +47 930 59 303,

About IDEX
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication SmartFinger Film enables on-device enrollment, template storage and verification within the very same module. The SmartFinger Film sensor is thin and bendable and can be customized for a variety of applications such as One Time Password devices, Smartcards, ID cards, access control devices and biometric tokens. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. IDEX ASA (ticker IDEX) is listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit or contact IDEX at:

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.