IDEX Biometrics: Employee Share Purchase Plan - 1 Sep 2022
01 Septiembre 2022 - 08:46AM
IDEX Biometrics: Employee Share Purchase Plan - 1 Sep 2022
The board of directors of IDEX Biometrics ASA has resolved to issue
3,181,755 ordinary shares at NOK 0.73 per share to employees who
participate in the company’s 2021 Employee Share Purchase Plan
(ESPP). The ESPP was approved by the annual general meeting on 12
May 2021.
40 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
152,412,062.55 divided into 1,016,080,417 shares, each with a
nominal value of NOK 0.15.
Primary insiders
IDEX discloses transactions by the following primary insiders in
IDEX shares ISIN NO0003070609:
- CEO Vince Graziani acquired 133,565 ordinary shares
at NOK 0,73 per share.
IDEX 2021 ESPP
The 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, starting on 1 September and 1 March and
lasting 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 each month. The
employee may sign up to participate in the ESPP from the date of
the public disclosure of the interim report before the contribution
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.com
Tel: + 47 918 00186
Brett L. Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: +1 214 272 0070
About IDEX Biometrics
IDEX 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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