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IDEX Biometrics ASA — Share Issue/Capital Change 2021
Sep 1, 2021
3633_rns_2021-09-01_a2bb44f1-18dc-4290-8660-e2637712f9ec.html
Share Issue/Capital Change
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IDEX Biometrics: Employee Share Purchase Plan Share Issue - 1 September 2021
IDEX Biometrics: Employee Share Purchase Plan Share Issue - 1 September 2021
The board of directors of IDEX Biometrics ASA has resolved to issue 913,198
ordinary shares at NOK 2.10 per share to employees who participate in the
company's 2020 Employee Share Purchase Plan (2020 ESPP), which plan was approved
by the annual general meeting on 15 May 2020.
53 employees participated in the 2020 ESPP in this cycle. The participating
employees have elected to invest a part of the base salary in ordinary shares in
the company. Purchase takes place every three months. The shares are restricted
for three months.
Following the issue, the Company's share capital will be NOK 137,926,078.20
divided into 919,507,188 shares each with a nominal value of NOK 0.15.
Primary insiders
IDEX discloses transactions by the following primary insiders in IDEX shares
ISIN NO0003070609:
- CEO Vince Graziani acquired 20,490 ordinary shares at NOK 2.10 per share.
- CTO Anthony Eaton acquired 8,029 ordinary shares at NOK 2.10 per share.
IDEX 2020 ESPP
The 2020 ESPP was approved at the annual general meeting on 15 May 2020.
Reference is made to the notice of said meeting where the plan document in
connection with the 2020 ESPP is attached.
All employees in the Company and its subsidiaries, except in China, have been
offered to subscribe for shares in the Company in connection with the ESPP. The
2020 ESPP is structured around four contribution periods a year, each starting
on the first day of the calendar month following each planned disclosure of an
interim report of the Company and lasts for the following three months. During
each contribution period, a fixed amount (up to 20% of the employee's gross base
salary) is withheld from the employee's net salary. The employee may sign up to
participate in the ESPP from the date of a public disclosure of an interim
report until the beginning of the contribution period. Unless the employee
actively withdraws from the ESPP, participation is automatically renewed for the
same amount for subsequent contribution periods. The board's resolution to issue
new shares in connection with the ESPP is made pursuant to the authorization
granted by the Company's annual general meeting on 15 May 2020 to increase the
Company's share capital in connection with the ESPP. The 2020 ESPP is now closed
for further contributions and purchases.
In accordance with the ESPP, the subscription price is the lower closing price
of the Company's share, as traded on Oslo Børs, on the first or last day of the
contribution period, less 15% discount. Payment of the subscription amount is
made out of the relevant employee salary withholding.
In accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation")
Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from
the obligation to publish a listing prospectus.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: [email protected]
Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of
fingerprint identification technologies offering simple, secure, and personal
touch-free authentication for all. We help people make payments, prove their
identity, gain access to information, unlock devices, or gain admittance to
buildings. We invent, engineer, and commercialize these secure and safe yet
incredibly user-friendly solutions. Our total addressable market represents a
fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act