Ahead of the Annual General Meeting in Precise Biometrics AB
The Annual General Meeting will be held at 4 p.m. on Tuesday April 24, 2012, at Precise Biometrics premises, Scheelevägen 30 in Lund, Sweden.
An agenda containing the matters that are proposed to be brought before the Meeting is included in the official notice to attend the Meeting, which is appended this press release and which will be published on March 27, 2012 in Post- och Inrikes Tidningar and at Precise Biometrics web page. A notice that such advertisement has been made will be published in Svenska Dagbladet on March 27, 2012.
As set forth in the notice, the agenda of the Meeting include the following matters:
- The Nomination Committee proposes, as regards members of the Board, re-election of Torbjorn Clementz, Eva Maria Matell, Lisa Thorsted and Lena Widin Klasén, with Lisa Thorsted as the Chairman of the Board. Erwin Leichtle is proposed to be new member of the board.
- The Meeting is proposed to resolve on guidelines for remuneration to management in accordance with the Board’s proposal, which is set forth in the notice.
- The Meeting is proposed to approve the proposal of the Board to authorize the Board to resolve on an increase of the Company’s share capital, with deviation from the shareholders’ preferential right, by issuing a maximum of 18,895,000 shares and/or convertibles to be converted into a maximum of 18,895,000 shares, which at full exercise is equivalent to a dilution of approximately 10 %. The purpose of the authorization and the reason for the deviation from the shareholders’ preferential right is to enable the Company to effect payment of company acquisitions by the Company’s own shares and/or convertible bonds and to obtain capital contributions from new owners that are important.The further terms and conditions are set forth in the notice.
- As regards other proposals, please be referred to the appended notice.
For more information
Patrik Norberg, CFO
Precise Biometrics AB Tel: 46 46 31 11 47 or 46 734 35 11 47
Precise Biometrics is a market-leading provider of solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person.
The technology adds value to ID, enterprise and bank cards as well as access to mobile solutions, computers and networks. Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 160 million users.
For more information, please visit www.precisebiometrics.com