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Following election from employees, the board has on 1 July 2020 resolved to
issue 4,318,523 shares instead of a cash compensation of NOK 5.4 million or USD
0.6 million. 59 employees participated in this program. The shares are subject
to a 6-months lockup period before they are tradable. When converting
compensation amount to shares, a 15% discount on the share price was applied.
After the issue of the shares to the employees, the company’s share capital will
be NOK 118,213,597.50 divided into 788,090,650 registered shares each with a
nominal value of NOK 0.15.
The following primary insiders participated in the program:
CFO Derek D’Antilio will acquire 136,479 shares instead of USD 17,500 in cash
compensation. After the transaction, Mr D’Antilio will hold 486,479 shares and
2,000,000 incentive subscription rights to shares in IDEX.
CTO Anthony Eaton will acquire 181,041 shares instead of GBP 18,915 in cash
compensation. After the transaction, Mr Eaton will hold 181,041 shares and
1,452,800 incentive subscription rights to shares in IDEX.
SVP Sales & Marketing David Orme will acquire 186,640 shares instead of GBP
19,500 in cash compensation. After the transaction, Mr Orme will hold 389,640
shares and 2,208,600 incentive subscription rights to shares in IDEX.
EVP Advanced Technology and Strategy Stan Swearingen will acquire 718,464 shares
instead of USD 92,125 in cash compensation. After the transaction, Mr Swearingen
will hold 1,118,464 shares and 8,015,900 incentive subscription rights to shares
in IDEX.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186
Derek D’Antilio, Chief Financial Officer
E-mail: derek.dantilio@idexbiometrics.com
Tel: +1 197 827 31344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of
fingerprint identification technologies offering simple, secure and personal
authentication for all. We help people make payments, prove their identity,
gain access to information, unlock devices or gain admittance to buildings with
the touch of a finger. We invent, engineer, and commercialize these secure, 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 on Twitter
@IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
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