“The moves suggest a growing level of optimism and anticipation within the company, which reported a significant increase in revenues in its most recent corporate update…”
IDEX is inviting employees to buy into the company’s future. Its board of directors has decided to issue 1,375,000 subscription rights to new staff and contractors, and to issue 2,025,000 new shares to employees who have exercised subscription rights granted in 2013 and 2014.
The developments came at the company’s annual general meeting held toward the end of last week, along with the decision to allow board members to opt to receive their remuneration as shares. Three board members have decided to proceed with that option.
The moves suggest a growing level of optimism and anticipation within the company, which reported a significant increase in revenues in its most recent corporate update, and has some promising irons in the fire: For one, Mastercard has been testing a biometric payment card with a fingerprint sensor developed by IDEX. Meanwhile, IDEX is aiming to get its new ASIC off-chip sensor solution into mass production later this year.
These activities suggest that there are increasingly strong reasons for IDEX employees and board members to take advantage of the company’s share incentive programs.
May 15, 2017 – by Alex Perala