Press Releases

Precise Biometrics publishes prospectus regarding the upcoming rights issue

Precise Biometrics AB (“Precise Biometrics” or the “Company”) today announces that the prospectus relating to Precise Biometrics rights issue (the “Rights Issue”) has been approved and registered by the Swedish Financial Supervisory Authority (the “SFSA”, sw. Finansinspektionen) (the “Prospectus”). The Prospectus can be obtained on Precise Biometrics website, Erik Penser Bank’s website and will also be available on the SFSA’s website.

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Bulletin from the 2023 Annual General Meeting of Precise Biometrics AB

At the Annual General Meeting (AGM) of Precise Biometrics AB which took place on Wednesday, May 10th 2023, Torgny Hellström, Mats Lindoff, Åsa Schwarz and Peter Gullander were re-elected as Board members and Maria Rydén and Jimmy Hsu were elected as new Board members. Torgny Hellström was re-elected as chairman of the Board. The AGM also resolved, in accordance with the Board’s proposal, to amend the Articles of Association. The amendment was made to approve the Board’s resolution to increase the company’s share capital to enable the execution of the issue of ordinary shares with pre-emption rights for existing shareholders which was announced on April 3rd, 2023. All conditions appear in the notice to the annual general meeting.

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Precise Biometrics resolves on fully secured rights issue of about SEK 50 million

Precise Biometrics AB (“Precise Biometrics” or the “Company”) announces that the Company’s board of directors today has resolved on a new share issue of about SEK 50 million with pre-emptive rights for existing shareholders (the “Rights issue”). The Rights issue is contingent upon approval at the annual general meeting on May 10, 2023. The record date for participation in the Rights issue is May 12, 2023. According to the terms and conditions in the Rights issue, three (3) existing ordinary shares in Precise Biometrics entitle to subscribe for two (2) new ordinary shares to the subscription price of SEK 1.6 per ordinary share. The Rights issue is secured up to 100 percent through subscription commitments and underwriting agreements in the form of bottom underwriting and top underwriting. In connection to the Rights issue, existing shareholders has entered subscription commitments corresponding to 4.1 percent of the Rights issue. In addition to subscription commitments, existing shareholders and external investors has entered underwriting agreements corresponding to 75.9 percent of the Rights issue (“Bottom underwriting”). Through the Bottom underwriting, provided that subscription takes place to an amount at least equivalent to the subscription commitments, the proceeds in the Rights issue is secured to 80 percent. Furthermore, Maida Vale Capital AB has entered a top underwriting agreement corresponding to 20 percent of the Rights issue (”Top underwriting”). Through the Top underwriting, provided that subscription takes place to an amount at least equivalent to the subscription commitments and the Bottom underwriting, the proceeds in the Rights issue is secured to 100 percent. For commitments in the Bottom underwriting, a compensation of 12 percent is payable, for commitments in the Top underwriting, a compensation of 14 percent is payable. Due to the Rights issue, the Company has decided to advance the Q1 report 2023 to May 9, 2023 and advance the Annual General Meeting to May 10, 2023. Notice to the Annual General Meeting will be published through a separate press release.

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