Board of Directors in Precise Biometrics sets terms for the share
issue
(Thomson Reuters ONE) - * Those who are shareholders in Precise Biometrics have preferential right to subscribe to one (1) new share on the record day August 27, 2009 for every three (3) existing shares.* The subscription price has been set to SEK 1.60 per share, which corresponds to a total issue amount of SEK 54.0 million, provided that the share issue is fully subscribed.* The subscription period runs from August 31 - September 14, 2009.The board of directors in Precise Biometrics has set the terms andconditions for the new issue of shares with preferential rights,which was decided upon on July 30, 2009 by the Board of Directors.The new issue of shares is conditional on a decision at anextraordinary general meeting on August 21, 2009.Each existing share in Precise Biometrics carries an entitlement toone (1) subscription right. Three (3) subscription rights entitlesubscription to one (1) new share. The subscription price has beenset to SEK 1.60 per share, which means that the new issue of shareswill supply Precise Biometrics with a total of SEK 54.0 million,prior to deductions for issue costs, through the issue of a total of33 740 200 new shares. If the offer is fully subscribed the totalnumber of shares in Precise Biometrics will be 134 960 800 after theshare issue. The new issue of shares will increase the share capitalby a total of SEK 13 496 080 to a maximum amount of SEK 53 984 320after the issue.In light of the fact that Precise Biometrics in July 2009 announcedthe largest order in the company's history, the company needs tostrengthen its working capital to secure continued growth.Furthermore, the company intends to increase its market cultivationwithin prioritized market segments and geographical markets byincreased sales and marketing resources. A strong financial positionis also expected to increase the potential of receiving additionalorders in similar size of the one received from US governmentagencies in July 2009.The record day at Euroclear to obtain subscription rights is August27, 2009. The subscription period will run from August 31 - September14, 2009, or a date to be decided by the board of directors.Timetable for the new issue of sharesExtraordinary generalmeeting August21, 2009Prospectuspublished aroundAugust 24, 2009Last day of trading in the share with right to participatein the newissue August24, 2009First day of trading without right to participate in the new issue August 25, 2009Record day for participation in the new issue ofshares August 27, 2009Trading in subscription rights on NASDAQOMX Aug 31 - Sept 9,2009Trading in paid subscribed shares on NASDAQOMX August 31, 2009 until thenew issues of shares is registered at the Swedish CompaniesRegistration OfficeSubscription period for the newissue Aug31 - Sept 14, 2009Publication of the results of the newissue September18, 2009Subscription undertakingsThe Company's largest shareholder, Storebrand fonder, supports theshare issue and have committed to subscribe for their pro rata sharescorresponding to their current holding of 5.0 per cent. All membersof the board of directors and the corporate management have committedto respectively subscribe for their pro rata shares in the shareissue. In total the commitments correspond to 6.4 per cent of theshares in the issue.Financial advisorRemium AB is acting as financial advisor to Precise Biometrics inconjunction with the new issue of shares.For more information:Thomas Marschall, CEO, Precise Biometrics ABTel: +46 46 31 11 10 or +46 734 35 11 10E-mail thomas.marschall(at)precisebiometrics.comPatrik Norberg, CFO, Precise Biometrics ABTel. +46 (0)46 31 11 47 or +46 (0) 734 35 11 47E-mail patrik.norberg(at)precisebiometrics.comPrecise Biometrics is a market-leading provider of products andsolutions for fingerprint recognition. The technology proves people'sidentities in a fast and secure way, while it reduces costs relatedto password management, identity theft and fraud.Precise Biometrics serves business and government organizationsthroughout the world and its technology is licensed to close to 100million users. Precise Biometrics is listed on NASDAQ OMX Stockholmsmall cap list (PREC).For more information, please visit www.precisebiometrics.com or viewan information video at www.precisebiometrics.com/share-issue-videoPrecise Biometrics is required to make this information public as perthe Securities Market Act and/or the Financial Instruments TradingAct. The information was submitted for publication on 20 August 2009at 08.00 AM.Important informationThe publication or distribution of this press release may in certainjurisdictions be subject to restriction by law, and persons in thejurisdictions where this press release has been published ordistributed should inform themselves of and follow such legalrestrictions.This press release may not be made public, published or distributed,either directly or indirectly in the United States, Canada, Japan,New Zealand, South Africa, Australia or any other country where suchprocedures are subject in full or in part to legal restrictions. Normay the information in this press release may not be communicated,reproduced or presented in any way that is in conflict with suchrestrictions. Failure to follow this instruction may involve a breachof the United States Securities Act from 1933 ("Securities Act") orapplicable laws in other jurisdictions.This press release does not contain or constitute an invitation oroffer to acquire, subscribe to or otherwise trade with shares,subscription rights or other securities in Precise Biometrics. Theinvitation to the persons concerned to subscribe to shares in PreciseBiometrics will only take place through the Prospectus that PreciseBiometrics intends to publish around August 24, 2009, and thisProspectus will contain financial statements and other information onPrecise Biometrics' board of directors and auditors.Neither the subscription rights, paid subscribed shares or the newshares will be registered in accordance with the Securities Act orany other act in Canada, and may not be transferred or offered forsale in the United States or Canada, or to persons domiciled there,or on behalf of such persons, other than in such exceptional caseswhere registering in accordance with the Securities Act or other actin Canada is not required.http://hugin.info/131387/R/1335986/317723.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 20.08.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 4900
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