Press Releases

Precise Biometrics AB resolves on a directed issue to Egis Technology of up to SEK 25.5 million as well as a rights issue of up to SEK 42.5 million (with an over-allotment option of up to SEK 15.1 million)

The Board of Directors of Precise Biometrics AB has today, on the basis of the authorization from the Annual General Meeting held on 19 May 2022, resolved on a directed issue of up to 3,959,639 ordinary shares, corresponding to 10 percent of outstanding shares in the company, to Egis Technology Inc. Furthermore, subject to subsequent approval by the Extraordinary General Meeting, the Board of Directors has resolved on a rights issue of up to 6,599,399 ordinary shares as well as resolved to submit a proposal for an issue authorization linked to an over-allotment option of up to 2,339,787 ordinary shares. Egis Technology Inc. has committed to subscribe for the shares in the directed issue, guarantee approximately a fourth of the rights issue free of charge and to subscribe for shares in the over-allotment option to the extent necessary for Egis Technology Inc.’s ownership in the company to amount to approximately 12.0 percent of the shares in the company after the issues. Notice of an Extraordinary General Meeting, scheduled for 5 September 2022, will be announced by a separate press release.

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Change in number of shares and votes in Precise Biometrics

As a result of the consolidation of shares (1:10), approved by the annual general meeting on 19 May 2022, having been completed, the number of shares and votes in Precise Biometrics has decreased by 356,367,546. Prior to completion of the consolidation, there were a total of 395,963,940 shares and votes in Precise Biometrics. As per 30 June 2022, the total number of shares and votes in the company amounts to 39,596,394.

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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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