LUND, Sweden, Dec. 16, 2002 (PRIMEZONE) -- Precise Biometrics AB (publ) (Other OTC:PBMTF) (Stockholm:PRECa), developer and provider of world-leading and user-friendly biometric security solutions based on fingerprints, has carried out a new issue of shares with preferential rights for company shareholders. The issue was over-subscribed, and has provided a capital injection of SEK 31.7 before provisions for issue-related costs.
"It is heart-warming that shareholders have such confidence in the company. We can now continue to build on the positive development our customer projects have experienced particularly over the second half of the year," said Christer Bergman, CEO at Precise Biometrics.
The company will issue 7,913,000 series A shares. The total number of shares after the issue amounts to 11,870,100, before any exercising of share options.
Precise Biometrics AB (publ) is an innovative security company that supplies world-leading systems for authentication using fingerprints. The solutions supplied by the company replace keys, PIN codes and passwords. The company's products are cost effective and provide security and comfort combined with top-class protection of personal integrity. The range of products includes systems for access control to computers and networks and for building into mobile and terminals, such as mobile phones and portable computers. The company headquarters are in Lund, Sweden. The company also has offices in Stockholm and a U.S. subsidiary in Washington, D.C. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information about Precise Biometrics, visit www.precisebiometrics.com