Reference is made to the stock exchange announcements from NEXT Biometrics Group ASA (“NEXT” or the “Company”) dated 4 July 2016 and 25 July 2016 regarding the subsequent offering and listing of up to 200,000 new shares, each with a nominal value of NOK 1.00 (the “Offer Shares”) at a subscription price of NOK 133 per Offer Share (the “Subscription Price”) to be carried out by NEXT (the “Subsequent Offering”).
The subscription period in the Subsequent Offering expired on 25 July 2016 at 16:30 CET. By the end of the subscription period, the Company had received 1,165,226 valid subscriptions. A total of 21,769 Offer Shares will be allocated based on subscription rights and a total of 178,231 Offer Shares will be allocated based on over-subscription in accordance with section 5.5.11 in the prospectus of the Company dated 1 July 2016. Allocation of Offer Shares based on the over-subscription is done on a pro rata basis based on the number of subscription rights which has been exercised by each eligible shareholder. No allocation has been made to subscribers without subscription rights.
Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber which is expected to be sent today.
The share capital increase relating to the Subsequent Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 29 August 2016 and the shares will be delivered to the VPS accounts of the subscribers to whom they are allocated on or about the same day.
Carnegie AS and DNB Markets, a part of DNB Bank ASA, are acting as Managers in the Subsequent Offering. Advokatfirmaet Thommessen AS is acting as legal advisor to the Company.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Investor relations and media contacts
Knut Stålen, CFO, NEXT Biometrics Group ASA +47 920 43 458
Tore Etholm-Idsøe, CEO, NEXT Biometrics Group ASA, +47 922 32 439
About NEXT Biometrics Group ASA
NEXT Biometrics (nextbio.eternitygroup.dev) offers high quality area fingerprint sensors
at a fraction of the prices of comparable competitors. A wide range of product formats
including Smart Cards, Smartphones, Tablets, PC’s, Doors, Time registration systems,
Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are