IDEX Biometrics: Employee Share Purchase Plan Share Issue - 1 September 2021
September 01 2021 - 5:56PM
The board of directors of IDEX Biometrics ASA has resolved to
issue 913,198 ordinary shares at NOK 2.10 per share to employees
who participate in the company’s 2020 Employee Share Purchase Plan
(2020 ESPP), which plan was approved by the annual general meeting
on 15 May 2020.
53 employees participated in the 2020 ESPP in this cycle. The
participating employees have elected to invest a part of the base
salary in ordinary 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
137,926,078.20 divided into 919,507,188 shares each with a nominal
value of NOK 0.15.
Primary insidersIDEX discloses transactions by the following
primary insiders in IDEX shares ISIN NO0003070609:- CEO
Vince Graziani acquired 20,490 ordinary shares at NOK 2.10 per
share.- CTO Anthony Eaton acquired 8,029 ordinary
shares at NOK 2.10 per share.
IDEX 2020 ESPPThe 2020 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 2020 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 2020 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. The 2020 ESPP is now closed
for further contributions and purchases.
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.
For further information contact:Marianne Bøe,
Investor Relations E-mail: marianne.boe@idexbiometrics.comTel: + 47
918 00186
About IDEX BiometricsIDEX Biometrics ASA (OSE:
IDEX and Nasdaq: IDBA) is a leading provider of fingerprint
identification technologies offering simple, secure, and personal
touch-free authentication for all. We help people make payments,
prove their identity, gain access to information, unlock devices,
or gain admittance to buildings. We invent, engineer, and
commercialize these secure and safe 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
@IDEXBiometrics
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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