Precise Biometrics' Management purchase subscription options
Following a decision at Precise Biometrics' annual general meeting on April 27, 2005 concerning the introduction of an incentive program for management, which specified the allocation principles, Precise Biometrics' management group has been issued and acquired a total of 1,400,000 subscription options with the right to subscribe to a corresponding number of shares in the A series in Precise Biometrics.
"I am proud that the management group in the company have acquired subscription rights in the company. It shows how confident we all feel that the biometrics industry is about to make a breakthrough, and that Precise Biometrics is at the absolute cutting-edge. Precise Match-on-Card(TM) is now on its way to becoming the de-facto standard we all have been waiting for," says Christer Bergman, President and CEO of Precise Biometrics.
The acquisition of the options by the management group, which is in line with the decision has been made on market terms, has increased Precise Biometrics' liquid assets by SEK 420,000. Applications for shares utilizing the subscription rights can be made during the period June 1 - November 2007 at a price of SEK 13.46. With full utilization of the subscription options the share capital will increase by SEK 560,000, which corresponds to approximately 2.3 percent of the company's present share capital.
For further information, please contact
Christer Bergman, President & CEO, Precise Biometrics AB.
Telephone +1(0) 703 405 8255, or +46 (0) 730 35 67 26
Precise Biometrics AB (publ.) is an innovative security company that supplies world-leading systems for fingerprint and smart card-based authentication. The company's solutions replace keys, PIN codes and passwords and enhance the integrity of ID cards and passports. With its proprietary Precise Match-on-Card(TM) technology, the company is a market leader within smart ID cards. Through its subsidiary Fyrplus Teknik, Precise Biometrics can deliver complete biometrics solutions on the Scandinavian market based, for example on fingerprint, iris and facial recognition. The product line includes systems for access control to buildings, computers and networks and for integration into ID cards and passports. The group headquarters are in Lund, Sweden. It also has offices in Stockholm and in London and a U.S. subsidiary in Washington, DC. The subsidiary Fyrplus Teknik is based in Karlstad and has regional offices in Linköping and the subsidiary Loqware is based in Gothenburg. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information, please visit http://www.precisebiometrics.com/