IDEX Chairman and Three Board Members Take Remuneration in Shares

“All of the other board proposals put forward at IDEX’s AGM were also approved…”

Members of IDEX‘s board of directors are demonstrating their confidence in the company with significant share acquisitions.

The disclosure comes after the company’s annual general meeting on May 11th, in which it was resolved that board members could choose to receive IDEX shares as remuneration. The company now says that its Chairman and three other board members having taken up the offer, electing to take their remuneration as shares in full or in part.

The company says that this development has resulted in the issuance of 300,182 new shares, and that it now has a share capital valued at NOK 81,402,493.05, divided into 542,683,287 shares valued at NOK 0.15 each.

All of the other board proposals put forward at IDEX’s AGM were also approved, with numerous board members and its Chairman having been re-elected. That, together with the board members’ decision to take remuneration as shares instead of cash, suggests a certain degree of confidence in the company’s future as the fingerprint sensor specialist hones its focus on the emerging biometric cards market.

(Originally posted on FindBiometrics)