Oslo, 14 February 2024: Option holders under NEXT Biometrics Group ASA's (the "Company", OSE ticker: NEXT) share option programs have exercised a total of 418,083 options as set out below and as per the terms and conditions of the Company's share option programs. The exercised options will be settled by issuance of new shares in the Company.
Of the 418,083 options exercised, 66,000 options were exercised at NOK 4.32 per option, 175,333 options were exercised at NOK 4.89 per option, 175,000 options were exercised at NOK 5.58 per option, and 1,750 options were exercised at NOK 6.52 per option. The exercise price is equal to the volume weighted average trading price of the shares in the Company quoted at Oslo Børs the last five business days prior to the date of allocation of the respective options to the option holder.
Further to the above, the board of directors of the Company has in a board meeting held today, on 14 February 2024, resolved to increase the Company's share capital with NOK 418,083 by the issuance of 418,083 new shares, each with a nominal value of NOK 1.00. The share issue was resolved pursuant to an authorization to increase the Company's share capital granted by the annual general meeting of shareholders on 12 May 2023 for the purpose of facilitating settlement of the exercised options. The exercise period for the options commenced on 7 February 2024 at 10:00 hours (CET) and ended today, on 14 February 2024, at 11:00 hours (CET).
All of the exercised options have been granted under the Company's share option programs, as described in the Company's latest annual financial statements and report, which is based on guidelines approved by the general meeting of shareholders.
Following the registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will be NOK 104,443,012, divided into 104,443,012 shares, each with a nominal value of NOK 1.00. The share capital increase will be registered with the Norwegian Register of Business Enterprises as soon as practically possible after the share contribution has been paid in full.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
NEXT Investor contact:
Ulf Ritsvall (CEO), ulf.ritsvall@nextbiometrics.com
Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors. NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.