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BRIEF-Precise Biometrics says to carry out private placement of shares
December 13, 2016 / 4:39 PM / a year ago

BRIEF-Precise Biometrics says to carry out private placement of shares

Dec 13 (Reuters) - Precise Biometrics

* Precise Biometrics intends to undertake a private placement of shares

* Says board of directors intends to resolve, based on authorization by 2016 annual general meeting, on a private placement of shares in order to raise gross proceeds of up to SEK 50 million

* Says placement is for the purpose of financing Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining the company’s current financial position

* Says subscription price for shares in private placement will be determined in a book-building process

* Says private placement is directed to Swedish and international qualified investors Source text for Eikon: Further company coverage:

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