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NEXT Biometrics Group ASA — Share Issue/Capital Change 2014
Oct 16, 2014
3671_rns_2014-10-16_26392843-d54a-4c7e-ab5c-e11143858ce0.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 110,000
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 110,000 new shares at a strike price of NOK 25 per
share.
Following this share capital increase, the share capital of the Company is
NOK 11,297,665 divided by 11,297,665 shares each with a nominal
value of NOK 1.
The board of directors further resolved to grant a total of 63,676 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 55 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:
Tore Etholm-Idsøe (CEO) was granted 12,500 options. After grant, Tore
Etholm-Idsøe holds in total 376,000 options and 505,458 shares held
through Eurostores AS (365,664) and Tore Etholm-Idsøe (139,794)
Matias Troccoli (CTO) was granted 20,176 options. After grant, Matias
Troccoli holds 168,877 options and 38,258 shares
After this option exercise and grant of new options, the total number of
options outstanding are 1,199,008 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 [email protected]
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.