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IDEX Biometrics ASA — Director's Dealing 2014
Sep 16, 2014
3633_dirs_2014-09-16_fa4702d3-99c0-4a1d-a182-61fe6c29c721.html
Director's Dealing
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Mandatory notice of trade in IDEX
Mandatory notice of trade in IDEX
IDEX ASA ("IDEX") issues this notice on behalf of certain primary insiders in
the company.
Board member Andrew James (Andy) MacLeod acquired 56,000 shares in the market on
15 September 2014, at an average price of NOK 4.48 per share. Following this
transaction, Mr. MacLeod and his close relations hold or control 56,000 shares
and 0 (nil) rights to shares in IDEX.
The board of directors of IDEX resolved on 15 September 2014 to grant 1,500,000
incentive subscription rights ("SRs") to the CEO, Dr. Hemant Mardia, 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 4.45 per
share. 25 % of the SRs vest on each anniversary from the date of the grant. The
SRs expire on 7 May 2019. Following this transaction, Dr. Mardia and his close
relations hold or control 265,625 shares and 7,000,000 incentive subscription
rights in IDEX.
16 September 2014
IDEX ASA
Web: www.idex.no
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa
Contact:
Erling Svela, VP Finance, +47 4062 1040, erling.svela(at)idex.no
About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. The
company has a strong patent portfolio consisting of more than 20 patent families
with more than 200 granted patents, and also a cross license 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.idex.no or contact IDEX at [email protected]
--o--
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1856127]