AI assistant
IDEX Biometrics ASA — Remuneration Information 2018
Aug 16, 2018
3633_dirs_2018-08-16_327525ff-82eb-44ff-91d9-3930428ed54c.html
Remuneration Information
Open in viewerOpens in your device viewer
Mandatory Notice of Trade in IDEX - Incentive Subscription Rights
Mandatory Notice of Trade in IDEX - Incentive Subscription Rights
On 15 August 2018 the following two primary insiders were granted incentive
subscription rights under the company's 2018 incentive subscription rights plan
as resolved at the annual general meeting on 9 May 2018.
Adviser Larry Ciaccia, who is also a shareholder-elected board member, was
granted 600,000 incentive subscription rights to shares in IDEX. The exercise
price of the subscription rights is NOK 5.10 per share. 34 per cent of the
subscription rights vest on the grant date on the condition that Mr. Ciaccia has
not terminated his service agreement with IDEX before 15 August 2019, and
another 33 per cent vest on 15 July 2019 and 15 July 2020. The subscription
rights expire on 9 May 2023. Following the grant, Mr. Ciaccia holds or controls
121,563 shares and 600,000 subscription rights in IDEX.
Senior Vice President of Sales & Marketing David Orme, who joined IDEX on 4 June
2018, was granted 2,000,000 incentive subscription rights to shares in IDEX. The
exercise price of the subscription rights is NOK 5.10 per share. 25 per cent of
the subscription rights vest per year and the subscription rights expire on 9
May 2023. Following the grant, Mr Orme holds or controls 0 (nil) shares and
2,000,000 subscription rights in IDEX.
Contact
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959,
About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and
complete system solutions to a range of biometrically-enabled applications,
including smart cards, Internet of Things (IoT) and mobile. The company's
technology is based on a fundamentally unique architecture that delivers form-
factor flexibility and superior cost-performance characteristics. IDEX's total
addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo Stock Exchange under the ticker IDEX.
For more information please visit www.idexbiometrics.com and follow us on
Twitter @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.