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Grant of Incentive Subscription Rights in IDEX Biometrics 15 May 2024
IDEXIDEX(US:IEX) globenewswire.comยท2024-05-15 21:44

Core Viewpoint - IDEX Biometrics ASA has issued 40,900 incentive subscription rights to a new contractor as part of its 2023 incentive plan, with an exercise price of NOK 1.80 per share and a vesting schedule of 25% per year over four years [1]. Group 1: Company Actions - The board of directors resolved to grant subscription rights under the company's 2023 incentive subscription rights plan, approved at the annual general meeting on 23 May 2023 [1]. - The subscription rights will expire on 23 May 2028, and there are currently 17,514,625 subscription rights outstanding in IDEX Biometrics [1]. Group 2: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2]. - The company's biometric solutions are based on patented sensor technologies and target card-based applications for payments and digital authentication [2]. - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market, enhancing convenience and security for users [2].