IDEX Biometrics Completes Share Consolidation for Growth

Author: Logan Wright Updated: 07-04-2025 04:01 AM

IDEX Biometrics Completes Significant Share Consolidation

IDEX Biometrics ASA recently accomplished an important step in its corporate restructuring by completing a 100-to-1 share consolidation. On April 11, 2025, during an extraordinary general meeting, the decision was taken to initiate this consolidation. The primary goal is to streamline the company's share structure, thereby strengthening its market position.

Registration Details and Capital Structure

The share consolidation has now been officially registered with the Norwegian Register of Business Enterprises. Following this pivotal change, IDEX Biometrics maintains a stable share capital of NOK 47,364,256.00. However, the number of outstanding shares has been adjusted to 47,364,256, with a new nominal value of NOK 1.00 per share.

Impact on Share Trading

It's essential to clarify that this registration does not alter the previously scheduled dates concerning the trading of the old and new shares. A notice dated June 18, 2025, detailed key information about the share consolidation, ensuring that shareholders are well-informed about the upcoming changes.

About IDEX Biometrics ASA

IDEX Biometrics ASA (IDEX) stands at the forefront of fingerprint biometrics technology, delivering innovative authentication solutions across several domains, including payments, access control, and digital identity. The company’s advancements promise to enhance security and convenience while providing users with seamless experiences. Designed using proprietary sensor technology and integrated circuit designs, IDEX’s biometric solutions cater primarily to card-based applications, aligning with the evolving landscape of payments and digital authentication.

Commitment to Innovation

At IDEX, the mission revolves around enabling industry partners through leading-edge biometric solutions. Collaborating with major card manufacturers and technology firms, IDEX aims to advance the adoption of its products in the market, thus amplifying their reach and impact.

Contact Information

For more inquiries or detailed information, interested parties may reach out to Anders Storbråten, CEO and CFO, at anders@idexbiometrics.com.

Frequently Asked Questions

What is the purpose of the share consolidation by IDEX Biometrics?

The share consolidation aims to simplify the company's capital structure and enhance its market presence.

How does the share consolidation affect existing shareholders?

Existing shareholders will see a change in the number of shares they own, but the overall value of their investment remains unchanged initially.

What is the new nominal value of IDEX shares following the consolidation?

After the consolidation, the new nominal value of each share is NOK 1.00.

Where can I find more information about IDEX Biometrics?

Additional information about IDEX Biometrics can be found on their official website, which showcases their solutions and corporate updates.

Who can I contact for further queries regarding IDEX Biometrics?

Interested individuals can contact Anders Storbråten, CEO and CFO, via email for further inquiries.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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