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IDEX Biometrics Announces Effectiveness Of Voluntary Delisting Of ADSs From Nasdaq Capital Market

Author: Happy Mohamed | August 11, 2023 09:59am

IDEX Biometrics ASA ("IDEX" or the "Company") (NASDAQ:IDBA) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control and digital identity. The Company's voluntary delisting of American Depositary Shares ("ADSs") representing its ordinary shares from The Nasdaq Capital Market ("Nasdaq") has become effective. Each ADS represents 75 ordinary shares of the Company. The Company has also filed a Form 15 with the Securities and Exchange Commission ("SEC") to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in respect of the ADSs and the ordinary shares. The Company expects that the deregistration of the ADSs under the Exchange Act will become effective 90 days after the filing of the Form 15.

The listing on the Euronext Oslo Børs of IDEX Biometrics ordinary shares (ticker IDEX) continues unchanged.

Posted In: IDBA

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