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IDEX Biometrics ASA — Share Issue/Capital Change 2016
Feb 29, 2016
3633_rns_2016-02-29_b9ba2f08-f4cf-4ff4-b29c-a6dda0c25ac8.html
Share Issue/Capital Change
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Exercises and grants of incentive subscription rights in IDEX
Exercises and grants of incentive subscription rights in IDEX
The board of directors of IDEX ASA resolved on 26 February 2016 to issue a total
of 912,500 shares to employees who have exercised incentive subscription rights
which were granted in 2013 under the company's 2012 incentive subscription
rights plan. The weighted average exercise price is NOK 1.47 per share.
The board of directors of IDEX ASA resolved on 26 February 2016 to issue
2,475,000 incentive subscription rights ("SRs") to employees and a service
provider 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 8.10 per share. 25 % of 1,975,000 SRs
vest on each anniversary from the date of the grant. 25% of 500,000 SRs vest at
grant and thereafter 25% on each anniversary from the data of grant. All the SRs
now granted will expire on 12 May 2020.
Following the exercise and grant there will be 531,921,916 shares and and
23,782,500 incentive subscription rights outstanding.
29 February 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]
--o--
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1990047]