Zwipe approved for listing on Nasdaq First North, trading to commence 28 January

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Zwipe approved for listing on Nasdaq First North, trading to commence 28 January

OSLO, NORWAY – 24 January 2020, 13:00- Zwipe AS has applied for admission to trading of the shares of Zwipe on Nasdaq First North Growth Market (First North), Stockholm. The application has today been approved by First North, subject to applicable distribution requirements (sw: spridningskrav) being satisfied. Based on share transfer commitments made at this time, Zwipe expects to fulfil such requirements.

Trading in Zwipe’s shares on First North will commence on 28 January 2020 under the ticker “ZWIPE”. The listing of Zwipe’s shares on Merkur market at Oslo Børs will be maintained until further notice. Zwipe does not intend to publish any further information prior to listing on First North.

André Løvestam, CEO of Zwipe, says “The listing on Nasdaq First North marks a milestone for Zwipe, one year after we listed on Merkur Market. We are excited that Zwipe will be trading in Stockholm, close to the majority of our shareholders. First North is a dynamic marketplace, and I am confident that the listing will benefit our shareholders and support Zwipe in its progress toward large-scale deployment of biometric payment authentication solutions."

Market making agreement

Zwipe and Erik Penser Bank AB (Erik Penser) have signed a market making agreement that meets the requirements of market making operations by First North. The market making agreement aims at supporting orderly trading conditions and a minimum threshold of liquidity for Zwipe’s shares on First North. Market making pursuant to the agreement will commence on 28 January 2020, the first day of trading in Zwipe’s shares on First North.

Supplementary document

In connection with the listing, Zwipe has published a supplementary document, available at www.zwipe.com.

Advisors White & Case (SE) and Simonsen Vogt Wiig (NO) are legal advisors for Zwipe in connection with the listing on First North.

Zwipe’s Certified Adviser is FNCA, who may be contacted at tel +46 8 528 003 99 and email info@fnca.se

This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 13:00 CET on 24 January 2020

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For further information please contact:
André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe publishes supplementary document in connection with the listing on Nasdaq First North

OSLO, NORWAY – 23 January 2020 - As communicated on 14 January 2020, Nasdaq First North Growth Market (First North) has confirmed that Zwipe AS fulfils the requirements for listing, subject to customary conditions. Today, 23 January 2020, Zwipe publishes a supplementary document to the prospectus dated 4 December 2019 in accordance with First North rules for application.

The supplementary document is available at www.zwipe.com. The supplementary document should be read together with the prospectus dated 4 December 2019 and prepared in connection with the Zwipe’s rights issue. The prospectus is also available at www.zwipe.com. The supplementary document is not a prospectus, has not been approved by any supervisory authority and does not contain any offering of shares or any other offering of financial instruments in Zwipe in Sweden or in any other jurisdiction.

First day of trading on First North in Stockholm is planned for Tuesday 28 January 2020, subject to final approval by First North and other customary conditions being met.

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market and the First North rules for application.

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For further information please contact:

André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe to list at Nasdaq First North

OSLO, NORWAY - 14 January 2020 - Biometric technology company Zwipe AS (Zwipe) today announces that it expects to list its shares for trading on Nasdaq First North Growth Market (First North) in Stockholm, under the ticker “ZWIPE". The first day of trading is planned for Tuesday 28 January 2020. First North has assessed Zwipe and confirmed that Zwipe fulfils requirements for listing, subject to customary conditions, including distribution requirements and final formal approval from First North. Zwipe will not issue new shares in connection with the Firth North listing.

Currently Zwipe is listed on Merkur Market at Oslo Børs under the ticker "ZWIPE-ME". Following the listing at First North, Zwipe will be dual-listed and traded on both markets until further notice. The ISIN number of Zwipe at both exchanges is NO0010721277.

Swedish and international shareholders who wish to transfer their shares for trading on First North are advised to contact their respective broker/nominee account manager for more information on the transfer. Such transfer means that Zwipe shares must be made available for trading through Euroclear Sweden (the Swedish central securities depository). Zwipe intends to facilitate transfer to Euroclear Sweden for its international investors during dedicated periods of time.

Norwegian shareholders and other shareholders wishing to continue trading their shares at Merkur Market at Oslo Børs do not need to take any action at this time.

André Løvestam, CEO of Zwipe says ”I am excited that Nasdaq First North has confirmed that Zwipe fulfils the listing requirements, subject to customary conditions being met, and that I can announce the expected listing at First North in Stockholm on January 28, thereby enabling a market for trading closer to a number of our shareholders. Nasdaq First North is a dynamic and growing market, and we are very pleased to welcome our shareholders to trading at First North in addition to Merkur Market."

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market.

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For further information please contact:

André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe AS - Registration of share capital increase

OSLO, NORWAY– 06 January 2020 -The share capital increase pertaining to the rights issue in Zwipe AS as resolved by the extraordinary general meeting of the company on 2 December 2019 has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 2,552,526.10, and the new number of shares and votes is 25,525,261.

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market section 9.4 (3).

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For further information please contact:

André Løvestam, CEO ir@zwipe.com +47 909 43 660

Kim Humborstad resigns from Board of Directors

OSLO, NORWAY - 21 December 2019 - Kim Humborstad, founder and deputy chairman of the board, has today informed the board that he resigns from the board, effective as of now.

“I've had an amazing journey with Zwipe for the past decade, however it is time for me to step down to focus on new opportunities. I wish everyone in the company success and will forever be a great supporter of Zwipe”, says Kim Humborstad.

“On behalf of Zwipe, I would like to thank Kim for his valuable contributions over the years and wish him all the best for the future,” says Jörgen Lantto, chairman of the board.

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For further information please contact:

André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe AS- Results of Rights Issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

OSLO, NORWAY– 19 December 2019 - The subscription period for the rights issue (the "Rights Issue") in Zwipe AS (the "Company") expired at 16:30 hours (CET) today, 19 December 2019. At the expiry of the subscription period, the Company had received subscriptions which together with underwritten shares provide for a total of 9 571 973 new shares of the up to 10,635,525 new shares (the "Offer Shares") offered under the Rights Issue.

The final allocation of the Offer Shares in the Rights Issue has now been completed based on the allocation criteria set out in the Company's prospectus dated 4 December 2019 (the "Prospectus").

2 018 740 Offer Shares, constituting 19% of the Offer Shares, were subscribed for and allocated through a combination of exercise of subscription rights and subscription without subscription rights. Thus 7 553 233 Offer Shares, constituting 71% of the Offer Shares, will be allocated to underwriters. Total subscription in the Rights Issue amounts to NOK 67.0 million, corresponding to 90% of the Offer Shares.

The following primary insiders, including their close associates, have been allocated Offer Shares, each at a subscription price of NOK 7.00, in accordance with allocation principles set out in the Prospectus:

  • Jörgen Lantto, chairman of the Company, has been allocated 213 333 Offer Shares. Mr. Lantto's shareholding after completion of the Rights Issue will be 533 333 shares.
  • Dennis Jones, board member of the Company, has been allocated 25 000 Offer Shares. Mr. Jones's shareholding after completion of the Rights Issue will be 62 500 shares.
  • Quintilis AS, controlled by Espen Tøndel, board member of the Company, has been allocated 14 285 Offer Shares. Mr. Tøndel's and his close associates' shareholding after completion of the Rights Issue will be 45 637 shares.
  • Johan Biehl, board member of the Company, has been allocated 10 714 Offer Shares. Mr. Biehl's shareholding after completion of the Rights Issue will be 200 714 shares.
  • Energetic AS, controlled by André Løvestam, CEO of the Company, has been allocated 11 111 Offer Shares. André Løvestam and his close associates will after completion of the Rights Issue own 151 111 shares in the Company.
  • Robert Müller, CTO of the Company, has been allocated 28 572 Offer Shares. Mr. Müller's shareholding after completion of the Rights Issue will be 28 572 shares.

Based on the above, the Company expects that a total of 9 571 973 Offer Shares, constituting 90% of the Offer Shares, for a total subscription amount of NOK 67 003 811, will be subscribed for and have been allocated.

Notifications of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed tomorrow, Friday 20 December 2019. Payment for the allocated shares falls due on 27 December 2019 in accordance with the payment procedures described in the Prospectus.

The new shares may not be transferred or traded before they have been fully paid and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Norw. Foretaksregisteret). It is expected that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 6 January 2020.

The Offer Shares will be transferred to the VPS accounts of the subscribers on or about 6 January 2019 and admitted to trading on the Oslo Stock Exchange on or about 7 January 2019.

Erik Penser Bank AB (publ.) is acting as book runner in the Rights Issue. Advokatfirmaet Simonsen Vogt Wiig AS is acting as legal counsel to the Company.

This information is subject to disclosure requirements pursuant to the Continuing obligations of companies admitted to trading on Merkur Market sections 3.1.1 and 6.2.


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For further information please contact:

André Løvestam, CEO ir@zwipe.com +47 909 43 660