IDEX Biometrics Share Capital Increase Registration Complete
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IDEX Biometrics Announces Share Capital Increase Registration
Recently, IDEX Biometrics completed a significant step in its financial journey by registering an increase in share capital. This important move is the result of a term payment settlement on a convertible loan which involved the issuing of 9,123,333 shares valued at NOK 0.60 each.
Details of the Capital Increase
The registration of the increased share capital signifies the company's growth and future potential in the biometric technology market. As of now, the new share capital totals NOK 50,812,483.20, which is divided into 338,749,888 shares. Each share holds a nominal value of NOK 0.15, reflecting the company's solid financial structure and commitment to enhancing shareholder value.
Share Delivery Timeline
Investors and stakeholders can expect the delivery of the newly issued shares to occur shortly. This swift process emphasizes IDEX Biometrics’ dedication to its investors as it works to strengthen its market position.
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) stands as a global leader in the field of fingerprint biometrics. By providing innovative authentication solutions, the company is revolutionizing various industries, including payments, access control, and digital identity verification. Their offerings ensure a seamless and secure user experience, prioritizing convenience and safety for consumers worldwide.
Technological Innovations
IDEX has developed advanced biometric solutions based on proprietary sensor technologies and integrated circuit designs. These innovations are specifically aimed at card-based applications that facilitate both payments and digital authentication, making everyday transactions easier and more secure for users.
Partnerships and Collaborations
As a notable industry enabler, IDEX Biometrics actively collaborates with leading card manufacturers and technology firms to market its cutting-edge solutions. These partnerships play a crucial role in expanding the reach and impact of their biometric technologies across various sectors.
Contact Information
For any inquiries regarding this recent development, interested parties may reach out to:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 918 00186
Frequently Asked Questions
What does the share capital increase mean for IDEX Biometrics?
The increase in share capital reflects the company’s growth and enhances its financial stability, allowing for more investment in innovations and market expansion.
How many shares were issued for the convertible loan?
A total of 9,123,333 shares were issued at a price of NOK 0.60 per share.
What is the new nominal value of the shares?
Each share now has a nominal value of NOK 0.15 following the capital increase.
Who can I contact for more information about IDEX Biometrics?
For detailed inquiries, you can contact Marianne Bøe in Investor Relations via e-mail or phone for support.
What industries does IDEX Biometrics serve?
IDEX Biometrics offers solutions in payment systems, access control, and digital identity verification across multiple industries, enhancing security and user experience.
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