Latest news with #employeeincentive
Yahoo
15-06-2025
- Business
- Yahoo
Share issue to personnel
The board of directors of IDEX Biometrics ASA has resolved to issue 299,381,600 new shares at NOK 0.01 per share to employees, contractors and directors in the IDEX group ('Personnel Placement'). The purpose of the Personnel Placement is to incentivise the personnel in the implementation of the amended business plan and commercialisation of the company's products. The Personnel Placement is according to the resolution by the extraordinary general meeting of IDEX Biometrics ASA held on 11 April 2025, where the board was authorised to issue shares on terms equivalent to the terms in the debt conversion that was approved at the same meeting. The shares are restricted for 18 months from the date of issuance and may not be sold or otherwise transferred during the restriction period. 1/3 of the shares are released from the restriction after 6 months and another 1/3 are released after 12 months. In the event a holder resigns or is terminated from employment or service, the company has the right to repurchase the holder's restricted shares at certain terms. The Board has considered the issue to the Personnel in light of the equal treatment obligations under the PLCA, 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 Personnel 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 incentivize the Company's Personnel by issuance of the Offer Shares, both in the short term and in the long term. The number of Offer Shares represents approximately 6,7 % of the total number of outstanding shares in the Company, and the dilutive effect for the Company's shareholders is limited. The subscription price for the Offer Shares, which was presented to the EGM as the intended issue price, is NOK 0.01, and the subscription price, before taking into account the lock up, consequently represents a 78 % discount to the closing price of the Company's shares on Oslo Børs on 13 June 2025. Taking into account the lock up period and the volatility of the shares, the discount will vary from no discount at all to approx. 25 %. While the discount can be deemed significant, the Company is of the view that the number of Offer Shares issued, the fact that the issuance is made to the Personnel only, the EGM has specifically approved the framework for this equity issue, the Offer Shares will be subject to sales restrictions by way of a reverse vesting schedule with trading and transfer restrictions over 18 months, including with an option for the Company to repurchase the Offer Shares upon termination or resignation prior to the end of the 18-month period, collectively ensure that the Company is in compliance with its equal treatment obligations. Following registration of the share capital increase, the company's share capital will be NOK 47,310,125.99, divided into 4,731,012,599 shares each with a nominal value of NOK 0.01. Contact personKristian Flaten, CFO, Tel.: +47 950 92322E-mail: ir@ About IDEX BiometricsIDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this noticeThis notice was issued by Erling Svela, VP of finance, on 10 June 2025 at 23:50 CET on behalf of IDEX Biometrics ASA. The shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5-12 of the while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Argaam
27-05-2025
- Business
- Argaam
Dallah plans 622,450 share buyback for employee incentive program
Dallah Healthcare Co.'s (Dallah Health) board of directors recommended the buyback of a maximum of 622,450 shares, to be allocated for the employee stock incentive program (ESIP), according to a statement to Tadawul today, May 27. The repurchase will be financed through Dallah's own resources, as it holds 0.37% of treasury shares. Dallah added that it will seek approval for the buyback process during the next extraordinary general meeting (EGM), as required by Paragraph 4 of Article 17 of the Executive Regulations of the Companies Law for Listed Joint Stock Companies. Additionally, the company affirmed that it will comply with the solvency requirements outlined in Paragraph 3 of Article 17 of the same regulations. Dallah also noted that the repurchased shares will not have voting rights in the shareholders' assemblies. The company currently holds 377,550 shares as treasury shares, which were originally repurchased to be retained as treasury shares. It aims to potentially utilize them in future swap transactions for acquiring shares or stakes in a company or for purchasing an asset. The board of directors recommended changing the purpose of these shares to be allocated to the ESIP. This change will be presented to the EGM for approval. As a result, the total number of shares allocated to the ESIP will reach one million shares, assuming the company proceeds with purchasing the maximum number of shares mentioned in the announcement above, in addition to changing the purpose of the 377,550 shares shares currently held as treasury shares.
Globe and Mail
21-05-2025
- Business
- Globe and Mail
African Mining Giant Intends to List in Hong Kong to Build West African Gold Leader
HONG KONG/WEST AFRICA, May 13, 2025 - (ACN Newswire) - In Africa, a land of opportunity and potential, a mining company is emerging and its plan to go public has caught the attention of the global capital markets. According to authoritative sources, the Company has successfully acquired the mining rights of three major mining areas in West Africa. Recent exploration results show that its potential gold reserves are as high as 3,000 tons, with a preliminary valuation of HK$1.2 trillion, demonstrating enormous development potential and expecting to reshape the pattern of the global mining industry. Corporate Profile and Listing Plan The Company plans to list on the Hong Kong Stock Exchange or an overseas capital market and intends to issue approximately 120 billion shares to raise funds to further strengthen its position in the global mining market. The Company, which is 25% owned by the country in which it is located, is positioned as the largest gold mining group in West Africa and is committed to driving regional economic prosperity and increasing its international presence. Social Responsibility and Development Plan The Company not only focuses on economic benefits, but also demonstrates a strong sense of social responsibility. After the listing, it is expected that 20% of the shares will be used for employee incentive scheme to realize the vision of 'Wealth for All', while another 5% will be used for subsequent financing and business development to support the sustainable development of the Company and technological innovation. Industry Evaluation and Future Prospects Industry insiders analyse that the Company is expected to become a 'rising star' in the global mining industry with its abundant mineral resources, clear strategic planning and commitment to social responsibility. The future performance of the African mining giant will undoubtedly be a focus for the capital markets as it moves forward with its listing plan. ]]>
