Precise Biometrics acquires remaining shares in Loqware Sweden AB
Precise Biometrics AB (publ), which develops and markets world-leading, user-friendly biometric security solutions based on fingerprint recognition and smart cards, is now acquiring the remaining 6 % of shares in the Swedish company Loqware Sweden AB. Payment comprises a new issue of shares in Precise Biometrics.
At the beginning of August, Precise Biometrics acquired 94 % of the shares in Loqware Sweden AB from its principal owner Lars Grundin. The remaining shares were owned by ten or so private individuals, who were invited to sell their shares subject to the same terms and conditions as Lars Grundin. For each holding of 50,000 shares in Loqware Sweden AB, the shareholders were offered remuneration comprising 3,750 shares in Precise Biometrics AB. Now that all shareholders have chosen to sell shares for payment in shares in Precise Biometrics, there will be a new issue of 71,250 shares in Precise Biometrics, which equates to approximately SEK 580,000. The new share issue will be undertaken within the framework of the authority granted by the annual general meeting back in the spring. "It's wonderful news that all the shareholders have now accepted our offer. We can now concentrate on canvassing the market and making the most of the opportunities we have created with our combined product range on the Chinese market," says Christer Bergman, President and CEO of Precise Biometrics AB. 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 E-mail firstname.lastname@example.org Niklas Andersson, CFO, Precise Biometrcis AB Telephone +46 46 31 11 02, or +46 730 35 67 02 E-mail email@example.com 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 subsidiaries in London and 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/