Precise Biometrics plans to add new CEO to incentive plan at 2018 AGM
Precise Biometrics has announced the agenda for its annual general meeting, which it will hold on May 16, 2018.
In addition to the usual procedures, the company’s existing guidelines for management remuneration and rules for issuing new shares or convertible bonds will be proposed to continue at the meeting.
The Board of Directors is also proposing a share-based incentive program for its CEO, who joins the company after it implemented a long-term incentive program for employees agreed to at its 2017 AGM. Incoming CEO Stefan K. Persson was appointed in January, and will join the company by August 1.
Under the program, Persson will be eligible for up to a million shares. The employee program was undersubscribed in 2017, with 2,230,000 of 5 million possible warrants subscribed, and the company calculates the resulting dilution will be no more than approximately 0.9 percent of its current share capital. Precise Biometrics shares closed Monday at SEK 1.36 on the Nasdaq Nordic.
CFO Göran Thuresson is currently Precise Biometrics’ acting CEO.