IDEX Biometrics ASA Issues Incentive Subscription Rights to New Contractor

Board Resolution on Incentive Subscription Rights

On the 8th of November, 2023, the board of directors of IDEX Biometrics ASA, a pioneer in fingerprint biometrics technology, made a significant move to incentivize and retain talent within its workforce. In a resolution that aligns with its commitment to company growth and employee engagement, the board agreed to issue 500,000 incentive subscription rights (SRs). This issuance is part of the 2023 incentive subscription rights plan that was established during the annual general meeting on May 23, 2023. The primary beneficiary of this grant is a newly onboarded individual contractor who has now become a pivotal part of the IDEX Biometrics group.

Details of the Subscription Rights Grant

The SRs have been designated an exercise price of NOK 0.46 per share. In accordance with the vesting plan, these rights will unlock at a rate of 25% each year over a four-year term. Designed to provide a long-term incentive for the contractor, these SRs are set to expire on May 23, 2028. After this grant, the total number of outstanding subscription rights in IDEX Biometrics stands at 99,929,851.

Insider Participation

An insider, CFO John Kurtzweil, was also a recipient of the recent SR grant, acquiring 500,000 SRs at the same exercise price of NOK 0.46 for each share. Insider participation in the SRs underscores the confidence in the company's future that is shared by its key employees.

About IDEX Biometrics ASA

IDEX Biometrics ASA IEX, listed on the Oslo Stock Exchange, is a global leader in the field of fingerprint biometrics. This technology is pivotal for a wide array of applications including payments, access control, and digital identity verification. Through its cutting-edge sensor technologies, integrated circuits, and software, IDEX Biometrics is setting new standards in card-based payment systems and digital authentication processes. Collaborating with leading card manufacturers and tech corporations, the company is well-positioned to broaden the reach and effectiveness of its solutions. IDEX is committed to delivering both security and convenience, ultimately enhancing the user experience in various domains.

Corporate Communications

The announcement of the incentive subscription rights was made by Erling Svela, the Vice President of Finance, on November 9, 2023. As mandated by section 5‑8 of the Norwegian Securities Trading Act (STA) and in conjunction with section 5‑12 of the STA, this information is disclosed to keep investors and the public informed of significant company decisions and developments.

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