Share issue to personnel – 14 June 2025
The board of administrators of IDEX Biometrics ASA has resolved to challenge 299,381,600 new shares at NOK 0.01 per share to workers, contractors and administrators within the IDEX group (“Personnel Placement”). The aim of the Personnel Placement is to incentivise the personnel within the implementation of the amended marketing strategy and commercialisation of the corporate’s merchandise.
The Personnel Placement is based on the decision by the extraordinary common assembly of IDEX Biometrics ASA held on 11 April 2025, the place the board was authorised to challenge shares on phrases equal to the phrases within the debt conversion that was permitted on the identical assembly.
The shares are restricted for 18 months from the date of issuance and will not be bought or in any other case transferred through the restriction interval. 1/3 of the shares are launched from the restriction after 6 months and one other 1/3 are launched after 12 months. Within the occasion a holder resigns or is terminated from employment or service, the corporate has the best to repurchase the holder’s restricted shares at sure phrases.
The Board has thought of the problem to the Personnel in gentle of the equal therapy obligations underneath the PLCA, the Norwegian Securities Buying and selling Act, the foundations on equal therapy underneath Oslo Rule Ebook II for corporations listed on the Oslo Inventory Alternate and the Oslo Inventory Alternate’s Pointers on the rule of equal therapy and deems that the proposed Personnel Placement is in compliance with these necessities. The Board holds the view that it is going to be within the widespread curiosity of the Firm and its shareholders to incentivize the Firm’s Personnel by issuance of the Supply Shares, each within the quick time period and in the long run. The variety of Supply Shares represents roughly 6,7 % of the whole variety of excellent shares within the Firm, and the dilutive impact for the Firm’s shareholders is proscribed. The subscription worth for the Supply Shares, which was offered to the EGM because the meant challenge worth, is NOK 0.01, and the subscription worth, earlier than taking into consideration the lock up, consequently represents a 78 % low cost to the closing worth of the Firm’s shares on Oslo Børs on 13 June 2025. Taking into consideration the lock up interval and the volatility of the shares, the low cost will range from no low cost in any respect to approx. 25 %. Whereas the low cost may be deemed vital, the Firm is of the view that the variety of Supply Shares issued, the truth that the issuance is made to the Personnel solely, the EGM has particularly permitted the framework for this fairness challenge, the Supply Shares shall be topic to gross sales restrictions by the use of a reverse vesting schedule with buying and selling and switch restrictions over 18 months, together with with an possibility for the Firm to repurchase the Supply Shares upon termination or resignation previous to the tip of the 18-month interval, collectively be certain that the Firm is in compliance with its equal therapy obligations.
Following registration of the share capital improve, the corporate’s share capital shall be NOK 47,310,125.99, divided into 4,731,012,599 shares every with a nominal worth of NOK 0.01.
Contact particular person
Kristian Flaten, CFO, Tel.: +47 950 92322
E-mail: ir@idexbiometrics.com
About IDEX Biometrics
IDEX Biometrics ASA (IDEX) is a worldwide know-how chief in fingerprint biometrics, providing authentication options throughout funds, entry management, and digital id. Our options deliver comfort, safety, peace of thoughts and seamless person experiences to the world. Constructed on patented and proprietary sensor applied sciences, built-in circuit designs, and software program, our biometric options goal card-based functions for funds and digital authentication. As an industry-enabler we companion with main card producers and know-how corporations to deliver our options to market.
For extra data, go to http://www.idexbiometrics.com
About this discover
This discover was issued by Erling Svela, VP of finance, on 10 June 2025 at 23:50 CET on behalf of IDEX Biometrics ASA. The shall be disclosed based on part 5-8 of the Norwegian Securities Buying and selling Act (STA) and revealed in accordance with part 5-12 of the STA.
