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NEXT Biometrics Group ASA — Share Issue/Capital Change 2014
Nov 28, 2014
3671_iss_2014-11-28_b859bfbe-a96e-4aa1-89e5-79943b411c61.html
Share Issue/Capital Change
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NEXT Biometrics Group ASA - Share capital increase and grant of share options to primary insiders
NEXT Biometrics Group ASA - Share capital increase and grant of share options to primary insiders
Reference is made to the annual general meeting held 16 May 2014 in which the
general meeting of NEXT Biometrics Group ASA ("NEXT Biometrics" or the
"Company") authorized the board of directors to increase the share capital of the
Company in connection with the Company's share option program.
Pursuant to the Company's share option program, a total of 20,000 share options
have been exercised at a strike price of NOK 25 per share. Consequently, the board
of directors has resolved to increase the share capital by issuance of 20,000 new
shares at a strike price of NOK 25 per share.
Following this share capital increase, the share capital of the Company is NOK
11,217,665 divided by 11,217,665 shares each with a nominal value of NOK 1.
The board of directors further resolved to grant a total of 110,000 new share
options, in accordance with the Company's share option programme. Each share
option gives the right to subscribe for and be allotted one (1) share in the Company
at a strike price of NOK 50 per share. The share options vest over a period of two
years. The options are exercisable at any point in time after vesting up until 31
December 2018.
The following primary insiders have been granted share options:
Knut Stålen (CFO) was granted 15,000 options. After grant, Knut Stålen holds in
total 40,000 options and 8,400 shares
Robert Muller (Chief Technologist Systems) was granted 10,000 options. After
grant, Robert Muller holds 50,470 options and 0 shares.
Radek Matyasek (VP of sales EMEA) was granted 20,000 options. After the grant,
Radek Matyasek holds 20,000 options and 0 shares.
Lunji Qiu (VP of sales Asia) was granted 15,000 Options. After the grant, Lunji Qiu
holds 40,000 options and 0 shares.
Svenn-Tore Larsen (Board member) was granted 20,000 options. After the grant
Svenn Tore Larsen holds 20,000 options and 0 shares. The grant of options to
Svenn Tore Larsen is subject to approval at the next annual general meeting.
After this option exercise and grant of new options, the total number of options
outstanding are 1,299,876 and the remaining amount under the board
authorization is NOK 1,283,000.
ABOUT NEXT BIOMETRICS
Enabled by its patented Active Thermal Principle, NEXT offers high quality area
fingerprint sensor at a fraction of the prices of comparable competitors. A wide
range of product formats including Smartphones, Tablets, PC's, Doors, Time
registration systems, Wearables, Payment terminals, Flashdrives, Usb-tokens, Key
fobs and many more are targeted. NEXT BIOMETRICS GROUP ASA is a publically
listed company headquartered in Oslo, Norway, with sales, support and
development subsidiaries in Seattle, Taipei and Shanghai.
Investor & Press contacts :
Tore Etholm-Idsoe / CEO, mob + 47 922 32 439, e-mail
Knut Stålen / CFO, mob + 47 920 43 458, e-mail [email protected]
This information is subject of the disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.