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IDEX Biometrics ASA — Remuneration Information 2016
May 11, 2016
3633_rns_2016-05-11_0d6ef1f7-fde3-4b76-bf8e-ee6aa91e1574.html
Remuneration Information
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Exercise and grants of incentive subscription rights in IDEX
Exercise and grants of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 10 May 2016 to issue 25,000
shares to an employee who has exercised incentive subscription rights which were
granted in 2014 under the company's 2013 incentive subscription rights plan. The
price is NOK 7.03 per share.
The board of directors of IDEX ASA resolved on 10 May 2016 to issue 225,000
incentive subscription rights (SRs) to employees of the company. The grant was
made under the company's 2015 incentive subscription rights plan as resolved at
the annual general meeting on 12 May 2015. The exercise price of the SRs is NOK
8.36 per share. 25 % of the SRs vest on each anniversary from the date of the
grant, and expire on 12 May 2020.
Following the exercise and grant there will be 531,946,916 shares and and
23,732,500 incentive subscription rights outstanding.
11 May 2016
IDEX ASA
Web: www.idex.no
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa
Contacts:
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idex.no
About IDEX
IDEX has developed the world's most advanced fingerprint imaging, recognition
and authentication technology. IDEX's innovative Intellectual Property (IP) is
protected by a comprehensive portfolio of more than 225 patents, and IDEX
continues to enhance the portfolio with its commitment to ongoing world class
research and innovation.
The IDEX business model involves the design of fingerprint sensor IP and
products. IDEX sells fingerprint sensor products, and licences its technology to
global Original Equipment Manufacturers (OEM) partners. These partners utilise
IDEX IP in a range of innovative biometrically enabled products and pay IDEX
either a royalty on every product item produced, or purchase the fingerprint
sensor units.
IDEX's addressable market represents a multi-billion unit opportunity, centred
on three core markets:
* Mobile Devices
* ID security and Smart Cards
* The Internet of Things
IDEX has an exciting and competitive product ready 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 these
products.
In February 2016, IDEX announced that it had received its first production order
for its Cardinal touch fingerprint sensor optimized for tier-one mobile
handsets, IDEX will begin to ship units in the second quarter 2016.
IDEX also recently announced it had developed the world's first flexible polymer
touch sensor suitable for ISO-card integration.
IDEX ASA (IDEX:NO) is a Norwegian public company, founded in 1995, and its
shares are Listed on the Oslo Børs (Oslo stock exchange). For more information,
please visit www.idex.no or contact IDEX at [email protected]
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#2011560]