Oslo, 20 August 2024: Option holders under NEXT Biometrics Group ASA's (the "Company", OSE ticker: NEXT) share option programs have exercised a total of 233,523 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 233,523 options exercised, 210,000 options were exercised at NOK 2.49 per option, 2,187 of the New Shares were exercised at NOK 6.52, 4,666 of the New Shares were exercised at NOK 5.97, and 16,670 of the New Shares were exercised at NOK 4.89. 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 20 August 2024, resolved to increase the Company's share capital with NOK 233,523 by the issuance of 233,523 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 16 May 2024 for the purpose of facilitating settlement of the exercised options. The exercise period for the options commenced on 13 August 2024 at 10:00 hours (CEST) and ended today, on 20 August 2024, at 10:00 hours (CEST).
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 104,934,535, divided into 104,934,535 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 payment and fintech, government ID, access control and office and notebook markets. The company’s patented NEXT Active Thermal ® principle allows the development of large, high-quality fingerprint sensors with superior security level. NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support, and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.