Precise Biometrics successfully completes rights issue with preferential rights

Precise Biometrics ABSep 18 2009

Regulatory News:

Precise Biometrics AB has successfully completed a rights issue with preferential rights, which has supplied the Company with SEK 54.0 million prior to issue costs. The rights issue was subscribed to 178% and is implemented to finance further expansion and increase market penetration in prioritized segments.

A total of 32,839,867 shares were subscribed to with the exercise of subscription rights, corresponding to 97.3% of the number of shares. In addition 900,333 shares were subscribed for without preferential rights, corresponding to 2.7% of the number of shares.

The rights issue thereby fully subscribed and increases the number of shares by 33,740,200 to 134,960,800. The new issue of shares increases Precise Biometrics’ share capital by SEK 13,496,080 to SEK 53,984,320.

Precise Biometrics’ CEO Thomas Marschall comments: - We are proud to carry out this rights issue without underwriting agreements, where the result clearly demonstrates the shareholders strong faith in the Company’s strategy and potential. The new capital means that we have the financial flexibility required to win new large orders, focus on long-term and profitable projects and even further strengthen the company’s market position.

Those persons who have subscribed to shares without preferential rights will be allocated shares in accordance with the principles indicated in the Prospectus. Contract notes to the persons who have subscribed to shares without preferential rights are expected to be issued around September 21, 2009. Only those persons who receive an allocation will be informed.

As soon as the increase in share capital has been registered by the Swedish Companies Registration Office the paid subscribed shares in the rights issue will be converted to new shares. Trading in the new shares is estimated to start on NASDAQ OMX around October 9, 2009.

Financial Advisor Remium AB has acted as financial advisor to Precise Biometrics in conjunction with the rights issue.

Precise Biometrics is a market-leading provider of products and solutions for fingerprint recognition. The technology proves people's identities in a fast and secure way, while it reduces costs related to password management, identity theft and fraud.

Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 100 million users. Precise Biometrics is listed on NASDAQ OMX Stockholm small cap list (PREC).