IDEX Biometrics: Employee Share Purchase Plan - 1 March 2022
01 Marzo 2022 - 6:51PM
IDEX Biometrics: Employee Share Purchase Plan - 1 March 2022
The board of directors of IDEX Biometrics ASA has resolved to
issue 1,765,791 ordinary shares at NOK 1.70 per share to employees
who participate in the company’s Employee Share Purchase Plan
(ESPP), which plan was approved by the annual general meeting on 12
May 2021.
45 employees participated in the ESPP in this period. The
participating employees have elected to invest a part of the base
salary in ordinary shares in the company. Purchase takes place
every six months.
Following the issue, the Company's share capital will be NOK
151,823,136.75 divided into 1,012,154,245 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 52,446 ordinary shares at NOK 1.70 per
share.- CTO Anthony Eaton acquired 19,683 ordinary
shares at NOK 1.70 per share.
IDEX 2021 ESPPThe ESPP was approved at the annual general
meeting on 12 May 2021. Reference is made to the notice of said
meeting where the plan document for the ESPP was
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 two
contribution periods a year, starting on 1 September and 1 March
and lasts for the following six 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 the public
disclosure of the interim report before the contrubution period
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 12 May 2021 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.
For further information contact:Marianne Bøe,
Investor Relations E-mail: marianne.boe@idexbiometrics.comTel: + 47
918 00186
Brett L. Perry, U.S. Investor RelationsE-mail:
bperry@sheltongroup.comTel: +1 214 272 0070
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
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