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NEXT Biometrics Group ASA — Remuneration Information 2016
Oct 17, 2016
3671_dirs_2016-10-17_6b2c7ac8-3555-43cd-b523-1ec249f30fdc.html
Remuneration Information
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NEXT Biometrics Group ASA - Allocation of share options
NEXT Biometrics Group ASA - Allocation of share options
The board of directors of Next Biometrics Group ASA ("NEXT" or the "Company") has, in
accordance with the Company's share option program approved at the Company's
annual general meeting in June 2016, resolved to allot 229,000 conditional share
options. The total number approved by the general meeting was 330,000 conditional
share options for this program, and the board of directors has therefore additionally
101,000 conditional share options available for allotment.
Each share option gives the right, provided certain conditions are met, to subscribe for
and be allotted one (1) share in the Company at an exercise price of NOK 187 per share,
which is equal to the assumed market value of the Company's shares at the time of
allotment of the share options with the addition of 10%. Exercise of vested share options
is conditional upon the respective option holders meeting certain individual key
performance indicators.
The conditional options shall vest 1/3 after 2 yrs, additionally 1/3 after 3 yrs, additionally
1/3 after 4 yrs. The options expire after 6 years. Accelerated vesting will as defined in
company stock option agreement take place at major events.
The following primary insiders were granted conditional share options:
Tore Etholm-Idsøe (CEO) was granted 20,000 conditional options. After grant, Tore
Etholm-Idsøe holds in total 20 000 conditional options and 278,000 unconditional
options. Tore Etholm-Idsøe together with Eurostores AS also own a total of 528,458
shares.
Campbell Kan (VP of Operations and Asia Sales) was granted 15,000 conditional
options. After grant, Campbell Kan holds in total 15,000 conditional options, 27,000
unconditional options and 0 shares.
Matias Troccoli (CTO) was granted 15,000 conditional options. After grant, Matias
Troccoli holds in total 15 000 conditional options, 186 377 unconditional options and
13,623 shares.
Knut Stålen (CFO) was granted 15,000 conditional options. After grant, Knut Stålen
holds in total 15,000 conditional options, 40,000 unconditional options and 8,400
shares.
Robert Mueller (Product Director) was granted 10,000 conditional options. After grant,
Robert Mueller holds in total 10,000 conditional options, 60,470 unconditional options
and 0 shares.
Charles Ng (VP Sales EMEA) was granted 10,000 conditional options. After grant,
Charles Ng holds in total 10,000 conditional options, 30,000 unconditional options and
2,700 shares
Radek Matyasek (VP Sales EMEA) was granted 10,000 conditional options. After grant,
Radek Matyasek holds in total 10,000 conditional options, 30,000 unconditional options
and 1,000 shares.
The total number of unconditional options outstanding is 1,128,811 and the remaining
amount under the board authorization is NOK 1,128,811.
About NEXT Biometrics
Enabled by the Active Thermal Principle, NEXT offers rigid and flexible, high
performance, low cost fingerprint sensors. The Company is uniquely positioned in
markets demanding high performance for close to 100% its targeted populations. The
company competitive advantages of are maximized in a range of product formats
including SmartCards, Key-fobs, Remote Controls, Door systems and high end
Notebook and Tablets.
NEXT Biometrics Group ASA is a publicly listed company headquartered in Oslo, Norway
and with sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei,
Prague and Shanghai.
Media and Investor contacts for NEXT Biometrics:
Tore Etholm-Idsøe, CEO, [email protected] and
Knut Stalen, CFO, [email protected].
This information is subject to the disclosure requirements pursuant to section 5-12 of
the Norwegian Securities Trading Act.