Morten Opstad's Voting Rights in IDEX Biometrics Explained

Author: Logan Wright Updated: 03-31-2025 03:17 PM

Overview of IDEX Biometrics Voting Rights

As of the latest update, Morten Opstad, chair of IDEX Biometrics, has a significant stake in the company, reflecting his influence over upcoming company decisions. This holds particular importance for shareholders as the company approaches its extraordinary general meeting.

Voting Power and Shareholding

By the end of March, Opstad held a total of 63,760,705 shares, which equates to 7.37% of the company’s overall shares and voting rights. This figure encompasses the shares owned directly by him as well as those owned by close relations. Such a stake undoubtedly provides Opstad with substantial voting power during IDEX's upcoming extraordinary general meeting.

The Role of Proxies

In corporate governance, proxies play a crucial role. Opstad’s holdings may include proxies that carry specific voting instructions. This could influence decisions made at the meeting, allowing for strategic maneuvers that benefit IDEX while aligning with shareholder interests.

Contact Information

For inquiries related to this matter, interested parties can reach out to Marianne Bøe, Head of Investor Relations, at +47 918 00186 or Kristian Flaten, CFO, at +47 950 92322. Additionally, questions can be directed to ir@idexbiometrics.com for more information.

About IDEX Biometrics

IDEX Biometrics ASA is at the forefront of fingerprint biometric technology, offering advanced authentication solutions that span various applications, including payments and access control. Their innovative solutions are designed to enhance user experience by providing convenient and secure options for digital identity verification.

Leveraging proprietary technologies and strategically collaborating with leading card manufacturers, IDEX aims to revolutionize card-based payment systems with robust biometric authentication capabilities. This approach not only boosts security but also fosters a seamless interaction in everyday transactions.

The Future of Biometric Technology

The rise of digital transactions combined with growing concerns over security threats illustrates the increasing demand for biometric authentication solutions. As the market for secure digital identity continues to expand, companies like IDEX Biometrics are suitably positioned to cater to this evolving landscape.

IDEX is committed to pushing the boundaries of technology, ensuring that their solutions meet the diverse needs of users globally. The integration of biometric data in payment systems is paving the way for a secure financial ecosystem.

Frequently Asked Questions

What voting rights does Morten Opstad hold in IDEX Biometrics?

Morten Opstad holds 63,760,705 shares, equivalent to 7.37% of IDEX Biometrics' total voting rights.

How does the upcoming extraordinary general meeting affect shareholders?

The extraordinary general meeting is crucial for decision-making within IDEX, where significant strategies and company directions will be discussed.

What is the role of proxies in voting?

Proxies are mechanisms that allow shareholders to delegate their voting power, which may include specific voting instructions from the shareholders.

Who can be contacted for investor relations inquiries?

Marianne Bøe is available for inquiries at +47 918 00186, and Kristian Flaten can be contacted at +47 950 92322.

What is IDEX Biometrics known for?

IDEX Biometrics specializes in fingerprint biometric technology, focusing on secure authentication solutions for payments and digital identity verification.

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.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.