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general meeting on 15 May 2020. The employees may elect to invest up to 20% of
the base salary in 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 124,822,012.20
divided into 832,146,748 shares each with a nominal value of NOK 0.15.
ESPP
The 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 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
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.
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.
Participants
46 employees participated in the ESPP in this period. The following primary
insiders acquired shares as follows:
CEO Vince Graziani acquired 125,239 shares. After the transaction, Mr. Graziani
holds 810,239 shares and 5,000,000 incentive subscription rights to shares in
IDEX.
CFO Derek D’Antilio acquired 70,447 shares. After the transaction, Mr. D’Antilio
holds 681,926 shares and 2,000,000 incentive subscription rights to shares in
IDEX.
CTO Anthony Eaton acquired 38,534 shares. After the transaction, Mr. Eaton holds
249,575 shares and 1,452,800 incentive subscription rights to shares in IDEX.
VP Finance Erling Svela acquired 18,692 shares. After the transaction, Mr. Svela
will holds 338,859 shares and 1,061,200 incentive subscription rights to shares
in IDEX.
EVP Advanced Technology and Strategy Stan Swearingen acquired 31,112 shares.
After the transaction, Mr. Swearingen holds 1,149,576 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: +1 978 273 1344
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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