IDEX - Admitted for listing at Oslo Axess

The Board of Oslo Børs today resolved to admit shares in IDEX ASA to listing on Oslo Axess

The Board of Oslo Børs today resolved to admit shares in IDEX ASA to listing on Oslo Axess

The Board stipulated that, prior to the first day of listing, the company must raise at least NOK 30 million of new liquidity through its planned share issue. Admission to listing is also conditional on the company increasing its capital by a further NOK 12 million through the planned conversion of debt to equity, and the company must also carry out a reverse split (consolidation) of its shares in order that the shares have a market value of at least NOK 1. In addition, the company must satisfy the requirement for at least 25% of the shares to be admitted to listing to be held by the general public as required by Section 2.4.1 of the Listing Rules for Oslo Axess, and the company must publish an approved prospectus.

The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 12 March 2010.

28 January 2010
IDEX ASA

About IDEX IDEX ASA is a Norwegian fingerprint technology company. The objective is to deliver products and technology that offer individuals a safe, secure, and user friendly interface when using their personal ID in their daily life. IDEX is a leading supplier of competency and solutions for swipe fingerprint sensors. IDEX offers the SmartFinger® technology which includes both hardware components and software algorithms, and enable authentication as well as navigation functionality in a single swipe unit. IDEX seeks to earn revenue by licencing fees and royalty on patented intellectual property rights as well as sale of SmartFinger® sensors. [http://www.idex.no]