IDEX Biometrics ASA Shares Successfully Offered to Investors

IDEX Biometrics ASA Successfully Completes Subsequent Offering

IDEX Biometrics ASA recently announced outcomes related to its Subsequent Offering, a significant event for shareholders and potential investors in the company. The Subscription Period, as previously highlighted in stock exchange notices, provided an opportunity for shareholders to engage in this offering and subscription.

Warrants and Share Subscription

Participants in the Subsequent Offering will benefit from warrants, granting them the right to subscribe for additional shares at an attractive price of NOK 0.15 per share. This incentive provides an exciting opportunity for enhancing shareholder value.

Subscription Period and Share Allocation Estimates

The Subscription Period concluded on 29 November 2024 at 16:30 CET. According to preliminary calculations provided by Arctic Securities AS, valid subscriptions were received for around 27.6 million Offer Shares by the close of this period. This illustrates strong interest and participation from investors, highlighting confidence in IDEX Biometrics ASA's future.

Upcoming Announcements and Payments

Further details on the final outcome of the Subsequent Offering are anticipated to be shared by the company shortly after. Specifically, the company is expected to release final results around 2 December 2024, giving investors the chance to understand how many Offer Shares they will receive. For those receiving Offer Shares, an important due date for payment is set for approximately 4 December 2024.

Registration and Trading of Offer Shares

Upon official payment by subscribers, the share capital increase related to this offering is expected to be registered with the Norwegian Register of Business Enterprises around 6 December 2024. Following this registration, the Offer Shares will be credited to the VPS accounts of allocated subscribers by about 7 December 2024. Notably, the first day of trading for these shares on the Oslo Stock Exchange is projected to be around 8 December 2024.

Management of the Offering

Arctic Securities ASA is actively managing this Subsequent Offering, ensuring efficient execution and communication of critical dates and processes to both existing and prospective investors. Their expertise in the transaction plays a vital role in enhancing the investor experience.

Contact Information

If you require further information, please reach out to the IDEX Biometrics ASA Investor Relations team. Marianne Bøe, Head of Investor Relations, serves as the primary contact for inquiries related to this offering and can assist with any concerns or questions.

Frequently Asked Questions

What is the purpose of the Subsequent Offering?

The Subsequent Offering allows existing shareholders to purchase additional shares and provides them with warrants for future share subscriptions, fostering loyalty and investment in IDEX Biometrics ASA.

When was the Subscription Period?

The Subscription Period for the Subsequent Offering ran until 29 November 2024 at 16:30 CET.

What happens after the Subscription Period ends?

After the Subscription Period, the company will announce the allocation of Offer Shares, along with payment details and registration processes.

How many shares were subscribed during the offering?

Preliminary estimates indicate that approximately 27.6 million Offer Shares were subscribed during the offering.

When can shareholders expect to trade their Offer Shares?

The first day of trading for the Offer Shares on the Oslo Stock Exchange is expected to be around 8 December 2024, pending registration of the share capital increase.

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