News Tag: Regulatory

Record date for consolidation of shares in Precise Biometrics determined

At the Annual General Meeting of Precise Biometrics AB on 19 May 2022, a consolidation of shares was resolved upon, whereby ten existing shares will be consolidated into one new share (consolidation 1:10). In accordance with the Annual General Meeting’s authorization, the Board of Directors has now determined that the record date for the consolidation of shares shall be 10 June 2022.

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Resolutions at Precise Biometrics’ Annual General Meeting 2022

At the Annual General Meeting (the “AGM”) of Precise Biometrics, held today on May 19, 2022, Torgny Hellström, Torbjörn Clementz, Mats Lindoff, Åsa Schwarz and Synnöve Trygg were re-elected as Board members and Peter Gullander was elected as new Board member. In addition, the AGM resolved on consolidation of the company’s shares 1:10 and implementation of a long-term incentive program for all employees in the group.

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PRECISE CONVENES ANNUAL GENERAL MEETING 2022

The Board of Directors of Precise proposes that the Annual General Meeting 2022 resolves to implement a long-term performance-based incentive program for all employees. The Board also proposes that Patrick Höijer, taking office as CEO of Precise on June 1, 2022, should be given the opportunity to acquire warrants. A shareholder proposal regarding a consolidation of the company’s shares 1:10 has been submitted.

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Change in number of shares and votes in Precise Biometrics

As announced on 29 November 2021, Precise Biometrics has carried out a directed share issue to Swedish and international professional investors and family offices, resulting in an increase in the total number of shares and votes by 28,750,000. In addition, Precise Biometrics has, as announced on 30 November 2021, carried out a set-off issue in […]

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Precise signs two licensing agreements for use of biometrics in automotive use cases

Precise announced today that the company has signed its first commercial licensing agreements with two Original Design Manufacturers (ODMs) to provide fingerprint technology, including Precise’s proprietary fingerprint algorithm, Precise BioMatch, to allow various applications, including automated adjustments of driver settings in vehicles. Under the terms of the licensing agreements, Precise will receive a total of approximately SEK 9 million as upfront payment and future royalties based on actual number of sensors being installed, together with a recurring fee for support and maintenance.

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Precise completes the acquisition of EastCoast Solutions and issues 6,982,473 new shares

Precise Biometrics AB (publ) (“Precise” or the “Company”) has completed the acquisition of 100 percent of the shares in EastCoast Solutions AB and Besökssystem Sverige AB that was announced on 29 November 2021. In connection therewith, Precise’s Board of Directors has resolved upon an issue of 6,982,473 shares to EastCoast International, corresponding to an amount of SEK 7 million. In addition, SEK 18 million were paid in cash in the upfront payment of the acquisition.

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