Woodford Investment Management funds invest NOK 297 million
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Funds managed by Woodford Investment Management LLP, a leading UK based investment fund management company, agree to acquire 52.5 million new shares in IDEX ASA, at a price of NOK 5.65 per share.
Woodford Investment Management LLP will on behalf of its funds acquire a holding of 11.2% of IDEX through a new issue of ordinary shares.The funds will also receive 26.25 million warrants in IDEX, each at an exercise price of NOK 8.50
"We are pleased to secure this significant funding from funds managed by Woodford Investment Management. The founder and fund manager Neil Woodford has an outstanding investment track record, and we believe the investment into IDEX is a strong recognition of the huge value creation potential of IDEX's fingerprint sensor technology," said Hemant Mardia, CEO of IDEX.IDEX applies for transfer to Oslo Børs main list
The board of IDEX ASA yesterday approved and resolved to send, an application to transfer from the Oslo Axess marketplace to the Oslo Børs main list. The application will be sent to Oslo Børs today, 27 March 2015.
https://www.nordnet.dk/mux/web/marknaden/aktiehemsidan/index.html?identifier=81220&marketid=15
About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX's addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). -
IDEX er en meget spændende virksomhed. Jeg tror at selskabet kan blive lidt af en børsdarling i 2015.
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IDEX presentation and webcast at the ROTH conference 2015 10 March
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