IDEX Emisjon satt, 2,85NOK, hentet 30MUSD
Oslo, 9 November 2021.
IDEX Biometrics ASA (the "Company"), a leading provider of advanced fingerprint identification and authentications solutions, has retained Arctic Securities AS as sole manager and bookrunner (the "Manager") to advise on and effect a private placement (the "Private Placement") of new shares in the Company (the "Offer Shares") to raise gross proceeds of up to the NOK equivalent of USD 25 million.
The net proceeds from the Private Placement will be used to cover the forecasted cash requirements until the point of cashflow break even as well as for general corporate purposes.
The following primary insiders and senior management have pre-committed to subscribe for Offer Shares in the Private Placement:
* Vincent Arthur Graziani (CEO) has pre-committed to subscribe for Offer Shares for a total value equal to the NOK equivalent of USD 50,000.
* Jamie Simms (CFO) has pre-committed to subscribe for Offer Shares for a total value equal to the NOK equivalent of USD 500,000.
* Annika Olsson (Board member) has pre-committed to subscribe for a total value equal of NOK 150,000.
* Skorpion AS, a company closely related to Marianne Bøe (Investor Relations) has pre-committed to subscribe for Offer Shares for a total value of NOK 1,000,000.
* Erling Svela (VP Finance) has pre-committed to subscribe for Offer Shares for a total value equal of NOK 150,000.
The subscription price per Offer Share (the "Offer Price") and the number of Offer Shares to be issued in the Private Placement will be determined by the board of directors of the Company (the "Board") following an accelerated bookbuilding process. The bookbuilding period commences today at 16:30 CET and ends at 08:00 CET on 10 November 2021. The bookbuilding period may, at the discretion of the Company and the Manager, close earlier or later and may be cancelled at any time and, consequently, the Company may refrain from completing the Private Placement.
The Company will announce the final number of Offer Shares placed and the final Offer Price in a stock exchange announcement expected to be published later today or before the opening of trading on the Oslo Stock Exchange tomorrow, 10 November 2021.
The Private Placement will be directed towards Norwegian and international investors, in each case subject to applicable exemptions from relevant prospectus, filing or other registration requirements. The minimum application and allocation amount in the Private Placement will be the NOK equivalent of EUR 100,000, provided that the Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from relevant prospectus and registration requirements pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.
The allocation of Offer Shares will be made at the sole discretion of the Board after input from the Manager. Allocation will be based on criteria such as (but not limited to), existing ownership in the Company, timeliness of the application, price leadership, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon. The Board may, at its sole discretion, reject and/or reduce any applications. There is no guarantee that any applicant will be allocated Offer Shares. The allocation will be determined at the end of the bookbuilding period and final allocation will be made at the Board's sole discretion. Notification of allotment and payment instructions are expected to be issued to the applicants on or about 10 November 2021 through a notification to be issued by the Manager.
Settlement is expected to take place on or about 12 November 2021 on a delivery versus payment basis. The Offer Shares are expected to be settled with existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange, pursuant to a share lending agreement expected to be entered into between certain existing shareholders, the Manager and the Company, in order to facilitate delivery of already listed shares in the Company to applicants (the "Share Lending Agreement"). The Offer Shares will thus be tradable from allocation. The share loan will be settled with new shares in the Company to be resolved issued by the Board pursuant to an authorization granted by the Company's annual general meeting held on 12 May 2021.
The Company reserves the right, at any time and for any reason, to cancel, and/or modify the terms of, the Private Placement prior to completion. Neither the Company nor the Manager will be liable for any losses incurred by applicants if the Private Placement is cancelled, irrespective of the reason for such cancellation.
The Board has considered the Private Placement in light of the equal treatment obligations under the Norwegian Public Limited Companies Act, the Norwegian Securities Trading Act, the rules on equal treatment under Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo Stock Exchange's Guidelines on the rule of equal treatment, and deems that the proposed Private Placement is in compliance with these requirements. The Board holds the view that it will be in the common interest of the Company and its shareholders to raise equity through a private placement, in view of the current market conditions and the growth opportunities currently available to the Company. A private placement enables the Company to raise capital in an efficient manner, and the Private Placement is structured to ensure that a market-based subscription price is achieved. By structuring the equity raise as a private placement, the Company is expected to be in a position to raise capital at a better share price, at a lower cost and with significantly lower risk than in a rights issue.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Erling Svela, VP Finance on 9 November 2021 at 16:30 CET on behalf of the Company.
IDEX Biometrics ASA (the "Company"), a leading provider of advanced fingerprint identification and authentications solutions, has retained Arctic Securities AS as sole manager and bookrunner (the "Manager") to advise on and effect a private placement (the "Private Placement") of new shares in the Company (the "Offer Shares") to raise gross proceeds of up to the NOK equivalent of USD 25 million.
The net proceeds from the Private Placement will be used to cover the forecasted cash requirements until the point of cashflow break even as well as for general corporate purposes.
The following primary insiders and senior management have pre-committed to subscribe for Offer Shares in the Private Placement:
* Vincent Arthur Graziani (CEO) has pre-committed to subscribe for Offer Shares for a total value equal to the NOK equivalent of USD 50,000.
* Jamie Simms (CFO) has pre-committed to subscribe for Offer Shares for a total value equal to the NOK equivalent of USD 500,000.
* Annika Olsson (Board member) has pre-committed to subscribe for a total value equal of NOK 150,000.
* Skorpion AS, a company closely related to Marianne Bøe (Investor Relations) has pre-committed to subscribe for Offer Shares for a total value of NOK 1,000,000.
* Erling Svela (VP Finance) has pre-committed to subscribe for Offer Shares for a total value equal of NOK 150,000.
The subscription price per Offer Share (the "Offer Price") and the number of Offer Shares to be issued in the Private Placement will be determined by the board of directors of the Company (the "Board") following an accelerated bookbuilding process. The bookbuilding period commences today at 16:30 CET and ends at 08:00 CET on 10 November 2021. The bookbuilding period may, at the discretion of the Company and the Manager, close earlier or later and may be cancelled at any time and, consequently, the Company may refrain from completing the Private Placement.
The Company will announce the final number of Offer Shares placed and the final Offer Price in a stock exchange announcement expected to be published later today or before the opening of trading on the Oslo Stock Exchange tomorrow, 10 November 2021.
The Private Placement will be directed towards Norwegian and international investors, in each case subject to applicable exemptions from relevant prospectus, filing or other registration requirements. The minimum application and allocation amount in the Private Placement will be the NOK equivalent of EUR 100,000, provided that the Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from relevant prospectus and registration requirements pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.
The allocation of Offer Shares will be made at the sole discretion of the Board after input from the Manager. Allocation will be based on criteria such as (but not limited to), existing ownership in the Company, timeliness of the application, price leadership, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon. The Board may, at its sole discretion, reject and/or reduce any applications. There is no guarantee that any applicant will be allocated Offer Shares. The allocation will be determined at the end of the bookbuilding period and final allocation will be made at the Board's sole discretion. Notification of allotment and payment instructions are expected to be issued to the applicants on or about 10 November 2021 through a notification to be issued by the Manager.
Settlement is expected to take place on or about 12 November 2021 on a delivery versus payment basis. The Offer Shares are expected to be settled with existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange, pursuant to a share lending agreement expected to be entered into between certain existing shareholders, the Manager and the Company, in order to facilitate delivery of already listed shares in the Company to applicants (the "Share Lending Agreement"). The Offer Shares will thus be tradable from allocation. The share loan will be settled with new shares in the Company to be resolved issued by the Board pursuant to an authorization granted by the Company's annual general meeting held on 12 May 2021.
The Company reserves the right, at any time and for any reason, to cancel, and/or modify the terms of, the Private Placement prior to completion. Neither the Company nor the Manager will be liable for any losses incurred by applicants if the Private Placement is cancelled, irrespective of the reason for such cancellation.
The Board has considered the Private Placement in light of the equal treatment obligations under the Norwegian Public Limited Companies Act, the Norwegian Securities Trading Act, the rules on equal treatment under Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo Stock Exchange's Guidelines on the rule of equal treatment, and deems that the proposed Private Placement is in compliance with these requirements. The Board holds the view that it will be in the common interest of the Company and its shareholders to raise equity through a private placement, in view of the current market conditions and the growth opportunities currently available to the Company. A private placement enables the Company to raise capital in an efficient manner, and the Private Placement is structured to ensure that a market-based subscription price is achieved. By structuring the equity raise as a private placement, the Company is expected to be in a position to raise capital at a better share price, at a lower cost and with significantly lower risk than in a rights issue.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Erling Svela, VP Finance on 9 November 2021 at 16:30 CET on behalf of the Company.
Redigert 10.11.2021 kl 08:06
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kaunis
10.11.2021 kl 20:53
894
Pål stvg skrev De har null gjeld.
Det var jo riktig dumt det, skulle akkurat til å skrive noe nedrikt om all den gjelden de må ha hatt gjennom 10år. Uten gjeld, gjeld er jo det beste dummissene har å by på, selv om gjeld er som gull for selskap som skal tjene mange penger og gå videre i sin utvikling. Ja da er jo IDEX vanskeligere å drite ut en som så, huff huff.
Ingen problem for Idex lenger, de drar bare kortet :)
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