OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS ("Zwipe" or the "Company") today, 14 December 2023, regarding the final allocation of a rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
Jörgen Lantto, the chair of the board of Zwipe, has today been allocated and thereby validly subscribed for the 1,572,541 Units he over-subscribed in the Rights Issue. Along with the 1,348,145 Units previously subscribed to and reported on 1 December 2023, this brings Mr. Lantto’s total subscription to 2,920,686 Units.
Please see the attached notification for further information.
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II). Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 20:10 on 14 December 2023.
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For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS ("Zwipe" or the "Company") on 14 December 2023, regarding the final allocation of the rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). In said announcement, it was stated that the Company received subscriptions for a total of 24,194,533 Units, corresponding to approx. 41.4% of the Units offered, during the subscription period for the Rights Issue.
Approximately NOK 24.5 million of the Rights Issue was guaranteed through subscription commitments and so-called bottom guarantee commitments. Furthermore, the Company had received a so-called top guarantee commitment of an amount corresponding to approximately NOK 10.5 million. In the event that the top guarantor had to fulfill its top guarantee commitment, the subscription amount was be paid to the Company by the top guarantor subscribing for a convertible loan in the Company (the "Convertible Loan"). The total subscription price for the Convertible Loan would be equivalent to the total subscription price of the Rights Issue, minus the subscription price of the Units subscribed by the existing shareholders of the Company and the Units subscribed by the bottom guarantors. However, the subscription price would not be less than NOK 5.0 million.
Based on the subscription rate of the Rights Issue, the size of the Convertible Loan will be NOK 10,514,472. The Convertible Loan is due on 20 December 2024 (the "Maturity Date") and an interest of 10% p.a. + 3-month STIBOR. The Convertible Loan shall either be repaid or converted to shares by the top guarantor within the Maturity Date. The subscription price per share upon conversion of the Convertible Loan shall be 130% of the subscription price in the Rights Issue, i.e., NOK 0.78 per share.
For more information, please refer to the EGM minutes published by the Company on 22 November 2023.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 20:05 on 14 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 13 December 2023, regarding the end of the subscription period and the preliminary results of a rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 (the "Offer Shares") and one warrant of series T01 (the "Warrants"), with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The Company received subscriptions for a total of 24,194,533 Units, corresponding to approx. 41.4% of the Units, during the subscription period for the Rights Issue.
The allocation of the Offer Shares and Warrants in the Rights Issue has now been completed on the basis of the allocation criteria resolved by the extraordinary general meeting of the Company in connection with the approval of the Rights Issue, and as set out in the prospectus prepared for the Rights Issue dated 24 November 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 40,889,612 Offer Shares and 40,889,612 Warrants in the Rights Issue, of which 24,194,533 Offer Shares and 24,194,533 Warrants were allocated based on subscriptions received in the subscription period and the remaining 16,695,079 Offer Shares and 16,695,079 Warrants were allocated to the so-called bottom guarantors for the Rights Issue.
Furthermore, the Company had received a so-called top guarantee commitment of an amount corresponding to approximately NOK 10.5 million, which was to be paid to the Company by the top guarantor subscribing for a convertible loan in the Company (the "Convertible Loan"). The total subscription price for the Convertible Loan would be equivalent to the total subscription price of the Rights Issue, minus the subscription price of the Units subscribed by the existing shareholders of the Company and the Units subscribed by the bottom guarantors. However, the subscription price would not be less than NOK 5.0 million.
Based on the subscription rate of the Rights Issue, the size of the Convertible Loan was determined to be NOK 10,514,472. Please see the stock exchange announcement pertaining to the Convertible Loan for more information.
Notifications of allocated Offer Shares and Warrants and the corresponding subscription amount to be paid by each subscriber not yet having paid for their subscriptions are expected to be distributed tomorrow, on 15 December 2023. Payment for the allocated Offer Shares falls due on 20 December 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares and Warrants may not be transferred or traded before all Offer Shares have been fully paid for and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 22 December 2023. Under the same conditions, allocated Offer Shares and Warrants are expected to be delivered on or about 27 December 2023 through the facilities of VPS and on or about [29] December 2023 through the facilities of Euroclear. Trading in the Offer Shares and Warrants on Euronext Growth Oslo is expected to commence on or about 28 December 2023 and on Nasdaq First North Growth Market on or about 29 December 2023.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 19:00 on 14 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 13 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 28 November 2023, regarding the commencement of the subscription period in a new issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The subscription period for the part of the Rights Issue taking place on Nasdaq First North Growth Market expired yesterday, on 12 December 2023 at 16:30 hours (CET) and the subscription period for the part of the Rights Issue taking place on Euronext Growth Oslo expired today, on 13 December 2023 at 16:30 hours (CET).
Preliminary results indicates that the Company has received subscriptions for 23,932,948 Units. 58,413,732 Units were offered in the Rights Issue. The preliminary counting consequently indicates a subscription rate of approx. 40.97%.
The final allocation of the new shares will take place tomorrow, on 14 December 2023, in accordance with the allocation criteria set out in the Company's prospectus dated 24 November 2023. The final results of the Rights issue will be published shortly thereafter. Notification regarding allocation of new shares and the corresponding subscription amount to be paid by each subscriber, are expected to be distributed on or about 15 December 2023.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 17:20 on 13 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 13 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). Reference is further made to the stock exchange announcement published by the Company on 12 December 2023, regarding the last day of the subscription period on Nasdaq First North Growth Market.
The subscription period for the part of the Rights Issue taking place on Euronext Growth Oslo will expire today, on 13 December 2023, at 16:30 hours (CET).
The subscription rights that are not used to subscribe for Units in the Rights Issue on Euronext Growth Oslo before 16:30 hours (CET) today will have no value and lapse without compensation to the holder.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 12 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The subscription period for the part of the Rights Issue taking place on Nasdaq First North Growth Market Sweden will expire today, on 12 December 2023, at 16:30 hours (CET).
The subscription rights that are not used to subscribe for Units in the Rights Issue on Nasdaq First North Growth Market Sweden before 16:30 hours (CET) today will have no value and lapse without compensation to the holder.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
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This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
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For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
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IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
AUSTIN, TEXAS and OSLO, NORWAY – 12 December 2023 – Zwipe, the global leader in biometric payment and access cards, has partnered with HID, the worldwide leader in trusted identity solutions, to release a recycled PVC prelaminate for its biometric smart card Zwipe Pay.
Recycled card materials are vital for achieving sustainability goals. Every year, about 3 billion payment cards, predominantly made of PVC, are issued globally. Replacing new PVC with recycled ones reduces waste and limits the influx of new plastic. More than 500 million “eco-friendly” cards, from recycled materials, PLA or PET-G, will be distributed in 2023, and this number is set to exceed 1 billion cards by 2025.
HID offers a prelaminate exclusively made from 100% recycled PVC designed specifically for producing biometric smart cards. When paired with the Zwipe Pay IC Module and fingerprint sensor, smart card manufacturers have the essential components to produce eco-friendly biometric smart cards that meet Mastercard Card Quality Management (CQM) requirements, including the use of sustainable materials in any new card issued as of 2028.
The recycled PVC prelaminates for Zwipe Pay are globally available for order now.
“With a strong focus on sustainability, HID is driven by the belief that technology can be harnessed to not only enhance security and convenience, but also minimize our environmental footprint. Our partnership with Zwipe represents a bold step towards a future where secure, convenient, and eco-friendly solutions meet at the intersection of cutting-edge technology and environmental responsibility,” said Martin Brezina, Vice President of Lux-Ident Business Unit at HID.
Patrice Meilland, Chief Strategy and Product Officer at Zwipe, added, "We are delighted to be first to market a recycled PVC biometric smart card platform. We are very happy that HID was able to support our request for a recycled PVC option timely and with impressive quality."
About HID
HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand.
For more information, visit http://www.hidglobal.com.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work passionately across networks of international organizations, industries, and cultures to make convenience safe and secure. We pioneer next-generation biometric card technology for payment, physical and logical access control, as well as identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit https://www.zwipe.com/.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 7 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). The shareholders of the Company on 22 November 2023 (and being registered as such in the Norwegian Central Securities Depository, Euronext Securities Oslo, as at the expiry of 24 November 2023 (the "record date") was granted one (1) subscription right (the "Subscription Rights") for each share registered as held by the shareholder as of the record date. One (1) Subscription Right is required to subscribe for one (1) Unit.
The period for trading in the Subscription Rights in the Rights Issue (ticker code ZWIPT) expires at 16:30 hours (CET) today, 7 December 2023.
The Subscription Rights that are not sold before 16:30 hours (CET) today, 7 December 2023, or used to subscribe for Units in the Rights Issue before expiry of the subscription period will have no value and lapse without compensation to the holder. The subscription period for the Rights Issue ends on 13 December at 16:30 (CET) for the part of the Rights Issue taking place on Euronext Growth Oslo and on 12 December 2023 at 16:30 (CET) for the part of the Rights Issue taking place on Nasdaq First North Growth Market Sweden.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
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This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
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For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
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IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will be prepared by the Company and published on the Company's website after the prospectus has been reviewed and approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Offers to the public will be permitted in Sweden and Norway from and including the date of approval of the prospectus by the competent authority in Sweden and the competent authority in Norway has been notified in accordance with the Prospectus Regulation, through to and including the end of the subscription period in the Rights Issue.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth M
OSLO, NORWAY – 5 December 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). The shareholders of the Company on 22 November 2023 (and being registered as such in the Norwegian Central Securities Depository, Euronext Securities Oslo, as at the expiry of 24 November 2023 (the "record date") was granted one (1) subscription right (the "Subscription Rights") for each share registered as held by the shareholder as of the record date. One (1) Subscription Right is required to subscribe for one (1) Unit.
The following primary insiders of the Company have today, on 5 December 2023, exercised the following number of Subscription Rights in the Rights Issue, and thereby subscribed for the number of Units to which the number of Subscription Rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 15 December 2021 – One of the largest global providers of payment services has signed an agreement to work with Zwipe to evaluate the opportunity of bringing Zwipe Pay ONE enabled biometric payment cards to issuers in North America and beyond.
In June 2021, Zwipe and IDEX Biometrics studied the payment habits, concerns on COVID-19 and desire for safer and more secure payments of over 1,000 consumers across the US and Canada. The study showed a strong demand for biometric payment cards in the US with 77% (81% in Canada) of the respondents wanting their next payment card to be biometric. In addition, 61% in the US (63% in Canada) said that they would be willing to pay a monthly fee to obtain such a card. Both organizations believe that the timing is right for this product and will be working together over the coming months to present the biometric payment card proposition to select customers with the aim of securing pilots and subsequent commercial launches.
“We are delighted to be entering this agreement with one of the largest and most respected payment service providers in the world. This agreement will provide the opportunity to accelerate the adoption of next generation biometric payment cards in some of the largest credit card markets in the world. We look forward to a mutually rewarding partnership,” said André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 17:30 CET on 15 December 2021.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and CAIRO, EGYPT – 15 December 2021 - Zwipe and Masria Digital Payments are pleased to announce the first biometric payment card pilot with an Egyptian bank. This will be the first pilot in Africa to deploy the next generation biometric cards from Zwipe. The largest smart card manufacturer in Egypt, Masria Digital Payments (MDP), will supply Zwipe Pay ONE enabled biometric cards and play a key role in bringing the next payment experience to the Egyptian market and other African countries.
The biometric payment cards, built on the unique single silicon platform Zwipe Pay ONE, deliver world-class security and a completely touch-less user experience, leading to improved customer loyalty and a strong business case for banks. Across many markets globally and especially the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing demand in biometric payment cards from banks and payment service providers.
Speaking on this development, Vice President of MDP, Ahmed Nafei, said: “We are proud to be piloting next generation contactless cards in Egypt for the first time. Seeing a strong interest from our bank clients, we are confident that this first pilot in Egypt, which is with a medium sized bank, is one of many to come. MDP has always been at the forefront of bringing payment innovations to banks. During the pandemic, we have seen growing demand for touch-less checkout as it is safer and much more hygienic which is exactly what this innovation brings. Zwipe is a global leader in biometric payment technologies, and we are thrilled to collaborate with them. We aim for a pilot in early 2022, followed by a commercial launch.”
Chief Commercial Office at Zwipe, John Goodale said: “We are honored that the Zwipe Pay ONE platform has been selected to deliver pilots and commercial launches in Egypt. Zwipe and MDP have worked very closely over the past few months to bring both the product and overall commercial proposition to the Egyptian market, and we are delighted that banks have responded so positively. We look forward to launching this exciting new product with the bank and supporting it all the way through the pilot and into the commercial launch.”
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About Masria Digital Payments (MDP)
Masria Digital Payments (previously Masria Card S.A.E) is Africa's leading smart card solutions provider with a regional presence spanning 35 countries and 3 continents. Building on its vast sector experience, MDP has consistently introduced the latest technology in cards, payment security and smart applications to the Middle East and African markets. MDP also provides its partners with a complete card offering ranging from card production, personalization, issuance and fulfilment as a service or as a solution. MDP is the only end to end fully certified African payments solutions provider to offer a full card services, solutions, processing and digital payment suites to clients in the financial, government and retail sector under one roof.
For more information, please visit MDP | Home (mdp-eg.com)
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and Riyadh, Kingdom of Saudi Arabia – 29 November 2021 – GEPCOM, one of oldest and most respected card production and printing facilities in the Arab world, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in Saudi Arabia and key international markets. Zwipe is a FinTech that has pioneered the development of biometric payment cards and delivered many successful pilots globally.
Gulf Printing Products Manufacturers’ Factory (GEPCOM), founded in 1989, was the first to bring plastic card manufacturing technology to the Arab world. This announcement demonstrates that they are continuing the path of innovation today. Leveraging their investment in the latest manufacturing equipment, and with full VISA and Mastercard certification, they are able to create a range of high-quality products to serve the financial services industry.
GEPCOM engaged with Zwipe earlier in 2021 and, after extensive evaluation of available alternatives, selected Zwipe Pay ONE as the preferred biometric card platform for its next generation payment cards. They were especially interested in Zwipe’s end to end products and services including Zwipe’s range of enrolment options providing GEPCOM with an opportunity to create even further value for their clients.
According to Abdullah Ahmed Abed, Deputy General Manager & Regional Director, GEPCOM, “GEPCOM has been manufacturing card products for all sectors in the Middle-East and is recognized in the market for its unmatched service, transparency and quality. With the impact of the pandemic still being felt across Saudi and the world, consumers’ focus on safety and hygiene has increased significantly.”
As part of this agreement, Zwipe will provide biometric technology and technical services to enable GEPCOM to manufacture Zwipe Pay ONE test cards from Q1 2022. The partners are already jointly engaging with issuers in Saudi with the aim of launching pilots from Q2 2022 to be followed by full commercial roll outs.
“In collaboration with Zwipe, we will deliver payment cards that will enable payments to be completely touch-less through a PIN-free checkout experience for consumers with much higher security. Our assessment shows that Zwipe Pay ONE represents the most advanced and high-performing solution and will be the first mass-market viable platform”, said Yousef Ahmed Abed, General Manager, GEPCOM.
Commenting on this partnership, Ramzi Saboury, General Manager MENA region at Zwipe, said: “We are very pleased to announce our partnership with GEPCOM in the Kingdom of Saudi Arabia, one of the most important markets in the MENA region. We are seeing a strong appetite globally as well as in the Middle East for this new technology from issuers, processors and cardholders. I am confident that this partnership will accelerate deployment of biometric cards in Saudi. Zwipe will be supporting GEPCOM’s clients during their launch processes to ensure the best customer experience and successful commercialization”.
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About GEPCOM
Gulf Printing Products Manufacturers’ Factory (GEPCOM) was founded by Mr. Ahmad Taleb Abed. For over 26 years, GEPCOM has been manufacturing printing products for all sectors in the Middle-East and the Arab world, leading by example since its establishment in 1989.GEPCOM was the first to bring plastic card manufacturing technology to the Arab world and continues on a path of innovation today, with only the most advanced machines and equipment for the fabrication of excellent products including cards, envelopes, security forms, adhesive label rolls, thermal rolls and more. We provide customers worldwide with unmatched service and transparency and believe in uncompromised quality when it comes to all our products. GEPCOM is proudly certified by VISA and MasterCard, in addition to its ISO certification for product quality assurance.
GEPCOM’s vision is to become the benchmark of outstanding service across all industries. We take pride in providing exceptional results in everything that we set out to do, and work unswervingly to ensure the success of our business.
For further information please contact info@gepcom.com.sa
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
OSLO, NORWAY; AUSTIN and CONCORDVILLE, USA; LIMOGES, FRANCE – 25 November 2021 - Zwipe, a Norway-based biometric fintech, is proud to announce the launch of a two-factor authentication solution for access control based on its biometric authentication technology platform. The global access control market is valued at USD 7.65 billion and is expected to reach USD 11.7 billion by 2026 (1).
Entering the access control market, Zwipe announces collaborations with several well-known companies in the security industry; notably HID Global, an ASSA ABLOY Group brand and a worldwide leader in trusted identity solutions, LeGrand, the global specialist in high-value-added products and solutions for commercial, residential, and industrial buildings, and Southco, the leading global designer and manufacturer of engineered access solutions. The coalition will bring a highly advanced, cost-effective, biometric authentication solution to market. The full capability of Zwipe's biometric card operates with existing access control systems thereby removing the need to make any time-consuming and costly adjustments to existing access control infrastructure.
The complete solution will be demonstrated for the first time at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
Commenting on this breakthrough, André Løvestam, CEO of Zwipe, said “Thanks to Zwipe’s advanced biometric authentication technology platform, Zwipe is ready to move into adjacent markets, starting with Access Control. We see a real need for much stronger access control solutions and are confident that our biometric card solution will address many security concerns in this space. We are particularly proud to partner with such distinguished companies and we look forward to adding significant value to this sector with our solution. I am convinced Access Control and ID will be a significant business line for Zwipe going forward, adding to our profitable growth and long-term value creation.”
The customer project has started with Raritan (the data center expert company with worldwide references and a subsidiary of LeGrand), focusing on the joint development of a highly secure solution based on Zwipe’s biometric card technology that delivers a new level of secure access for data center cabinets.
Raritan’s CTO, Swen Anderson, commented “It was crucial that we developed a product that allowed us to deploy the latest in biometric technology without having to make any infrastructure changes. Zwipe has provided us with the opportunity to leverage their leading technology platform to create a new product that delivers a level of security for data center access control that is unique within our industry.”
“Thanks to this excellent cooperation based on real use cases, the full integrity of our biometric card solution has been successfully demonstrated for new areas of application. Our biometric authentication technology platform provides world-class security and we are excited that it can be integrated seamlessly with physical and logical access control solutions. We believe innovations like biometric access control and ID management will be highly sought after,” says Christian Vaas, Zwipe’s Vice President ID-Solutions & Access Control.
(1): Global Access Control Market | 2021 - 26 | Industry Share, Size, Growth - Mordor Intelligence
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
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About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet.
Headquartered in Austin, Texas, HID Global has over 4,000 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About Legrand
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and sustainable growth driven by acquisitions and innovation, with a steady flow of new offerings—including Eliot* connected products with enhanced value in use. Legrand reported sales of €6.1 billion in 2020. The company is listed on Euronext Paris and is notably a component stock of the CAC 40 and CAC 40 ESG indexes. (code ISIN FR0010307819) www.legrandgroup.com
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with unrivalled engineering resources and innovative products. Southco’s data center solutions provide access control and monitoring at the rack level, providing a complete, comprehensive security system to control, monitor and track equipment that stores sensitive data.
To learn more, visit www.southco.com and www.southco.com for our Data Center mini-site.
For further information, please contact: Natalie Brannelly nbrannelly@southco.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
OSLO, NORWAY, 25 November 2021 - Zwipe launches a range of enrolment solutions to complement their next-generation biometric payment card platform, Zwipe Pay ONE. Seamless customer onboarding remains one of the most important components in enabling the transition to the safer and more secure payment experience provided by biometric payment cards.
The Zwipe R&D team has created some exclusive inventions to overcome several challenges that many in the industry had considered insurmountable. For the first time, it is now a realistic proposition to have consumers enroll their card at home using just a mobile phone and a set of simple instructions.
Zwipe has created a range of innovative enrolment solutions that meet the evolving demands of the financial services industry and consumers. With a focus on providing simple to use, cost-effective and low environmental impact products, Zwipe will deliver multiple different types of solutions that include not only passive and customizable enrolment devices, such as sleeves, highly integrated card fulfilment packaging, and branch-based enrolment solutions, but also self-service mobile phone APIs that can easily be integrated into issuer apps. Issuers can choose the solutions that best suit their needs and use cases of their products and cardholder segments. For example, while mobile app-based enrolment would be attractive for the majority of consumers, in-branch supervised enrolment may better suit financial inclusion programs.
All these solutions will be made available to Zwipe Pay ONE customers in 2022.
“Zwipe has undertaken extensive research on enrolment, and after very clear customer feedback and interest, we decided to invest heavily in this area. Issuers repeatedly told us that enrolment is one of the most important parts of the user experience for biometric payment cards and we are delighted to have made several breakthroughs that we believe will transform the way in which consumers enrol their cards whilst even further strengthening the value proposition for issuers. These developments underscore Zwipe’s ambition to be a leading innovator in the industry, putting user experience in front”, commented André Løvestam, CEO of Zwipe.
The enrolment solutions will be demonstrated at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
OSLO, NORWAY and CASABLANCA, MOROCCO – 22 November 2021 – Biometric fintech company, Zwipe and NetPS, part of dzcard Group and one of the main Moroccan Smart Card Personalization Bureaus, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and the Middle East.
As part of this collaboration, both companies will work closely to promote the innovative Zwipe Pay ONE enabled biometric payment cards for NetPS’ issuers in Africa and the Middle East.
NetPS has a portfolio of more than 30 clients based in 15 countries across Africa. The company, which is based in Morocco, provides its first-class card personalization services to major financial institutions in the region, such as Banque Central Populaire (BCP), Société Générale, Credit Agricole du Maroc, Attijariwafa Bank, Al Barid Bank, CIH, and major Telecom operators including Maroc Telecom (part of Etisalat Group).
“As a leading provider of payment cards across Africa, we believe adding Zwipe Pay ONE enabled biometric payment cards to our portfolio creates a compelling and differentiating product to our clients. We are looking forward to working with the Zwipe team on developing some very innovative and exciting card designs, fulfillment solutions and enrolment options. We believe this new product will drive new business and significantly uplift customer loyalty for our clients.”, said Younes Lahlou, CEO of NetPS.
Speaking on the new partnership, André Løvestam, CEO of Zwipe said: “We are really pleased with the response across the Middle East and North Africa for Zwipe Pay ONE and are delighted to partner with NetPS in extending our reach to Morocco and beyond. With this partnership with NetPS, our dzcard Group relationship is strengthened further, giving us the opportunity to deliver next generation payment cards to the many banks looking for a more safe and secure payment card in the region. NetPS has a very strong reputation for customer service and excellence in their market and are an ideal partner for Zwipe”.
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About NetPS, part of dzcard Group
Founded in 2000, NetPS, a subsidiary of the dzcard Group, is one of the leading players in the field of smart card personalization in Morocco. The company has been certified by Visa and Mastercard since 2000. The company is a trusted partner among its Moroccan banking and telco clients supporting their African expansion with world class solutions and service.
To learn more, visit the NetPS webpage: www.NetPS.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit www.zwipe.com
For further information, please contact Mr. André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 17 November 2021 – Zwipe is partnering with areeba to pilot Biometric payment cards based on Zwipe Pay ONE in Lebanon and Iraq. These pilots reflect a strong and growing demand from issuers and processors across the region for next-generation contactless payment cards.
areeba is a leading financial technology company in the MENA region and is licensed as both issuer and acquirer by the international card schemes. It is one of the main issuing & acquiring processors in the region and leads in the Lebanese market with more than 50% market share. areeba was chosen as one of the top leading payments innovators in 2021 by Global Business Leaders.
areeba and Zwipe have a long-standing collaboration, launching the first biometric payment card pilots in the Middle East in 2018 and winning the 2019 Seamless Award for Best Technological Innovation in Payments.
Speaking on this development, Maher Mikati, Chief Executive Officer at areeba said, “We have always been pioneers in embracing new technologies that enhance user experience and security for end consumers, uplifting loyalty and business cases of payment portfolio. We are proud to partner with Zwipe, a highly respected innovator with whom we have had the pleasure to collaborate since 2018, witnessing the evolution of biometric payment cards. We are looking forward to delivering the pilots in H1 2022 followed by commercial launches.”
In these pilots, the biometric payment cards will be built on the Zwipe Pay ONE platform and delivered by Inkript, one of the leading EMV Card Manufacturers in the Middle East, which already provides cards to areeba and many issuers in the region.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “We are proud of our partnership with areeba, a leading innovator in the region, and look forward to supporting them and Inkript in bringing biometric payment cards to two markets, Lebanon and Iraq. Zwipe will also support areeba through all stages of pilots, ensuring that end users’ experiences and feedback are systematically captured and assessed. This is going to be an exciting journey together.”
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About areeba
areeba is an electronic payment technology company licensed by Visa and MasterCard and has an agreement with American Express & Discover. Established in 2017, areeba adopts the latest technologies and provides solutions and payment services to banks, governments and merchants to suit their aspirations and needs.
areeba offers services tailored to global requirements, from card issuance and management, non-contact payment solutions, contactless and mobile payment. It also provides merchants and governments with the latest e-commerce platform and point-of-sale machines that adopt the highest standards and safety systems. areeba operates a wide range of loyalty programs, including collecting points and miles, cashback programs, and providing consultancy services for the planning, design and development of electronic products and payment solutions.
For more information, visit www.areeba.com, or @areebalebanon on LinkedIn, Facebook or Instagram. areeba media contact: Nouchka El Hage, +961-1-954325 - NHage@areeba.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY – 9 November 2021 – The primary insider Diderik Schonheyder, a board member of Zwipe, has today acquired a total of 13,434 shares at an average price of SEK 29.90. Diderik Schonheyder’s shareholding after the transaction is 25,302 shares.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transaction as listed above:
This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 ir@zwipe.com
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OSLO, NORWAY – 3 November 2021 - Zwipe’s technology partner, Idemia, has announced that it has obtained full certification from both VISA and Mastercard for its F.CODE biometric payment card.
These certifications (Letters of Approval) represent full validation of the core components in our disruptive technology platform, Zwipe Pay ONE, notably the shared single silicon biometric secure element, where Idemia and Zwipe have co-invested since Q4 2019, and the IDX3405 fingerprint sensor from Idex Biometrics.
This paves the way for subsequent successful certification of Zwipe Pay ONE enabled biometric payment cards for Zwipe’s customers, as Zwipe is working towards completion of its Zwipe Pay ONE platform. Zwipe Pay ONE includes Zwipe’s ISO Module integrating the now fully certified single silicon biometric secure element, as well as Zwipe’s passive inlay. Zwipe’s customers can also purchase the fully validated Idex Biometrics fingerprint sensor, IDX3405, from Zwipe. The timing for certification of Zwipe’s card manufacturing customers will be subject to the planning and execution of the certification by each customer.
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For further information, please contact:
André Løvestam, CEO, +47 991 66 135
info@zwipe.com
