IDEX Biometrics: Employee Share Purchase Plan - 1 March 2023
01 Mars 2024 - 7:30PM
UK Regulatory
IDEX Biometrics: Employee Share Purchase Plan - 1 March 2023
The board of directors of IDEX Biometrics ASA has resolved to
issue 358,525 ordinary shares at NOK 1.32 per share to employees
who participate in the company’s 2023 Emloyee Share Purchase Plan
(ESPP). The ESPP was approved by the annual general meeting on
23May 2023.
12 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
41,964,098.25 divided into 279,760,655 shares, each with a nominal
value of NOK 0.15.
Primary insiders
IDEX Biometrics discloses transactions by the following primary
insiders in IDEX Biometrics shares ISIN NO0013107490:
CEO Vince Graziani acquired 64,127 ordinary shares at NOK 1.32 per
share.
IDEX Biometrics 2023 ESPP
The ESPP was approved at the annual general meeting on 23 May 2023.
Reference is made to the notice of that 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 23 May 2023 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 IDEX Biometrics 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, Head of investor relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 9180 0186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in
fingerprint biometrics, offering authentication solutions across
payments, access control, and digital identity. Our solutions bring
convenience, security, peace of mind and seamless user experiences
to the world. Built on patented and proprietary sensor
technologies, integrated circuit designs, and software, our
biometric solutions target card-based applications for payments and
digital authentication. As an industry-enabler we partner with
leading card manufacturers and technology companies to bring our
solutions to market.
For more information, visit www.idexbiometrics.com
About this notice
This notice was published by Erling Svela, Vice president of
finance, on 1 March 2024 at 19:30 CET on behalf of IDEX Biometrics
ASA. The information shall be disclosed according to section 5‑8 of
the Norwegian Securities Trading Act (STA) and in accordance with
section 5‑12 of the STA.
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