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Next Biometrics approves $14.7M investment from Greenbridge Partners


Next Biometrics held a general meeting with shareholders in Oslo, Norway on November 2 in which it approved the 120 million Norwegian crowns (US$14.78 million) investment from Greenbridge Partners.

The meeting comes a few weeks after Next Biometrics announced the proposed investment from Greenbridge Partners, a firm founded by Swedish investors Melker Schorling and Ola Rollen.

At the meeting, 5,513,830 of a total of 11,317,665 shares and votes of the company were represented, or 48.7% of the share capital.

All resolutions were made in accordance with the proposals from the board of directors and nomination committee.

Next Biometrics has agreed to sell two million shares at a price of 60 crowns (US $7.39) each, which amounts to 120 million crowns (US$14.78 million), to Greenbridge Partners Ltd or a company affiliated with Greenbridge.

The exchange of shares and payment will take place within one day of the general meeting.

Finally, the board of directors authorized to increase the share capital by up to 1.33 million crowns (US$163,590) by the issuance of 1.33 million new shares.

The meeting also resolved that the board of directors will consist of chairman Brita Eilertsen, Marit Kristin Instanes, Ralph Høibakk, Sven-Tore Larsen, Inger Berg Ørstavik, Ketil Fridheim, Ngoc Minh Dinh, and Emanuel Lang.

Additionally, the nominations committee will consist of chairman Odd Harald Hauge and Haakon M. Sæter.

The full minutes from the general meeting can be viewed on Next Biometrics’ website.

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