Oslo, 16 May 2023: Option holders under NEXT Biometrics Group ASA's (the
"Company", OSE ticker: NEXT) share option programs have exercised a total of
15,000 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.
All 15,000 options were exercised at NOK 2.49 per option, which 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 holders.
Further to the above, the board of directors of the Company has in a board
meeting held today, on 16 May 2023, resolved to increase the Company's share
capital with NOK 15,000 by the issuance of 15,000 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 8 May 2023 at 10:00 hours (CEST) and ended on 15 May 2023, at 10:00
hours (CEST).
All of the exercised options have been granted under the Company's share option
program, 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 91,995,763, divided into 91,995,763 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:
Peter Heuman (CEO), peter.heuman@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 ThermalTM principle allows the development of large, high quality
fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group
ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and
development operations in Seattle, Taipei, Bengaluru and Shanghai.