SOURCE: Precise Biometrics AB

March 26, 2007 04:43 ET

Ahead of the annual general meeting in Precise Biometrics AB

LUND, SWEDEN -- (MARKET WIRE) -- March 26, 2007 --



The Annual General Meeting will be held at 4 p.m. on Tuesday April 24, 2006, at Scandic Hotel Star, Glimmervägen 5, Lund, Sweden.

An agenda containing the matters that are proposed to be brought before the Meeting is included in the official notice to attend the Meeting, which is appended this press release and which will be published on March 27, 2007 in the newspapers Post- och Inrikes Tidningar and Svenska Dagbladet.

As will be seen from the notice, inter alia the following proposals are submitted regarding matters at the Meeting:

* In order to enable the company to make acquisitions of shares or assets in companies with payment (wholly or partly) in own shares, the Board proposes that it should be authorized to resolve upon an increase of the share capital with a maximum of SEK 1.6 million by issuing a maximum of 4 million shares, which at full exercise is equivalent to a dilution of just below 4.1 %. The issue may only be made for payment in kind. The further terms and conditions are set forth in the notice.

* The Board proposes that the Meeting resolves on an incentive programme for the employees by way of issue of a maximum of 3.5 million warrants, which entitles to subscription for the equivalent number of new shares in the Company during the period from 1 January 2010 up to and including 31 May 2010 at a subscription price corresponding to 133 % of the average share price during the period 14-28 May 2007. The warrants shall be subscribed for by two of the Company's wholly-owned subsidiaries, which shall in their turn transfer option rights on market terms and conditions to the employees within the group in Sweden and the USA. On full subscription and full exercise of the warrants the share capital may be increased by a maximum of SEK 1.4 million, which is equivalent to approximately 3.6 % of the present share capital and votes. The further terms and conditions are set forth in the notice

* The Board proposes that the Meeting resolves on guidelines for remuneration to management in accordance with the Board's proposal, which main terms are set out in the notice.

For further information, please contact

Lars Grönberg, Director of the Board, Precise Biometrics AB.
Telephone +46 (0) 707 27 54 55
E-mail lars.gronberg@precisebiometrics.com

Niklas Andersson, CFO, Precise Biometrics AB.
Telephone + 46 (0) 730 35 67 02
E-mail niklas.andersson@precisebiometrics.com

Ann-Sofi Höijenstam, Director IR & Communications Precise Biometrics AB
Telephone + 46 (0) 734 35 11 47
E-post  ann-sofi.hoijenstam@precisebiometrics.com
Precise Biometrics AB (publ.) is an innovative security company that supplies world-leading systems for fingerprint and smart card-based authentication. The company's solutions replace keys, PIN codes and passwords and enhance the integrity of ID cards and passports. With its Precise Match-on-Card™ technology, the company is a market leader within smart ID cards. The product line includes systems for access control to buildings, computers and networks and for integration into ID cards and passports. The Precise Biometrics group has subsidiaries in Sweden, Great Britain, USA and a joint venture agreement in China. The group headquarters are in Lund, Sweden. Precise Biometrics is listed on the small cap list at the Nordic Exchange in Sweden (symbol: PREC). For more information, please visit http://www.precisebiometrics.com/


The full press release can be downloaded from the following link:

http://hugin.info/131387/R/1114305/203081.pdf



Copyright © Hugin ASA 2007. All rights reserved.

Contact Information