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Precise Biometrics has completed a private placement of shares

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Dec 15 2016

The board of directors of Precise Biometrics AB (publ) (“Precise Biometrics” or the “Company”) (Nasdaq Stockholm ticker: PREC) has, based on the authorization from the annual general meeting held on 17 May 2016, resolved to issue 14,925,373 new shares in Precise Biometrics through a private placement directed to a group of qualified Swedish and international investors (the “Private Placement”). The purpose of the Private Placement is to finance Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining the Company’s current financial position. The Private Placement was announced on 13 December 2016 and received high investor interest.

The subscription price for each new share was set to SEK 3.35 through a book-building procedure. Through the Private Placement, Precise Biometrics raises SEK 50 million before issue costs. Compared to the closing price on 13 December 2016, the price of the shares issued in the Private Placement meant a discount of 4.8 per cent. Compared to the closing price on 12 December 2016, the corresponding premium was 0.9 per cent.

“There has been a great interest in participating in the private placement and the trust in our company is high. The private placement ensures that we can maintain our financial position, which gives us opportunities to continue to develop the company”, said Håkan Persson, CEO of Precise Biometrics.

Through the Private Placement, the number of shares and votes in Precise Biometrics will be increased with 14,925,373 from 345,306,094 to 360,231,467. The share capital will increase by approximately SEK 447,761 to approximately SEK 10,806,944. The shares issued in the Private Placement correspond to approximately 4.1 per cent of the share capital and votes in Precise Biometrics following the Private Placement. Payment of the shares issued in the Private Placement shall occur no later than on 16 December 2016. Payment for the shares shall be made in cash. The Board of Directors of Precise Biometrics retains the right to extend the payment period at its discretion.

Pareto Securities AB (”Pareto Securities”) acted as sole manager and bookrunner and Mannheimer Swartling Advokatbyrå as legal advisor in connection with the Private Placement.

This information is information that Precise Biometrics AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 8.00 CET on 14 December 2016.

FOR FURTHER INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Phone; +46 46 31 11 05 or +46 734 35 11 05
E-mail; hakan.persson@precisebiometrics.com

About Precise Biometrics

Precise Biometrics is a market leading supplier of solutions for convenient and secure authentication of people’s identity. We develop and sell fingerprint software and mobile smart card readers that provide the market’s best user experience and security. Our solutions are used hundreds of millions of times every day by people all over the world and are marketed together with strong business partners. For more information, please visit:

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