OSLO, NORWAY – 26 February 2020 – Zwipe AS today publishes its annual report 2019. Please find the report attached.
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This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency on the contact person set out below 08:00 CET on 26 February 2020
OSLO, NORWAY – 26 February 2020 – Zwipe AS today publishes its annual report 2019. Please find the report attached.
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This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency on the contact person set out below 08:00 CET on 26 February 2020
OSLO, NORWAY – 24 January 2020, 13:00- Zwipe AS has applied for admission to trading of the shares of Zwipe on Nasdaq First North Growth Market (First North), Stockholm. The application has today been approved by First North, subject to applicable distribution requirements (sw: spridningskrav) being satisfied. Based on share transfer commitments made at this time, Zwipe expects to fulfil such requirements.
Trading in Zwipe’s shares on First North will commence on 28 January 2020 under the ticker “ZWIPE”. The listing of Zwipe’s shares on Merkur market at Oslo Børs will be maintained until further notice. Zwipe does not intend to publish any further information prior to listing on First North.
André Løvestam, CEO of Zwipe, says “The listing on Nasdaq First North marks a milestone for Zwipe, one year after we listed on Merkur Market. We are excited that Zwipe will be trading in Stockholm, close to the majority of our shareholders. First North is a dynamic marketplace, and I am confident that the listing will benefit our shareholders and support Zwipe in its progress toward large-scale deployment of biometric payment authentication solutions."
Market making agreement
Zwipe and Erik Penser Bank AB (Erik Penser) have signed a market making agreement that meets the requirements of market making operations by First North. The market making agreement aims at supporting orderly trading conditions and a minimum threshold of liquidity for Zwipe’s shares on First North. Market making pursuant to the agreement will commence on 28 January 2020, the first day of trading in Zwipe’s shares on First North.
Supplementary document
In connection with the listing, Zwipe has published a supplementary document, available at www.zwipe.com.
Advisors
White & Case (SE) and Simonsen Vogt Wiig (NO) are legal advisors for Zwipe in connection with the listing on First North.
Zwipe’s Certified Adviser is FNCA, who may be contacted at tel +46 8 528 003 99 and email info@fnca.se
This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 13:00 CET on 24 January 2020
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For further information please contact:
André Løvestam, CEO ir@zwipe.com +47 909 43 660
OSLO, NORWAY – 23 January 2020 - As communicated on 14 January 2020, Nasdaq First North Growth Market (First North) has confirmed that Zwipe AS fulfils the requirements for listing, subject to customary conditions. Today, 23 January 2020, Zwipe publishes a supplementary document to the prospectus in accordance with First North rules for application.
The supplementary document is available at www.zwipe.com. The supplementary document should be read together with the prospectus dated 4 December 2019 and prepared in connection with the Zwipe’s rights issue. The prospectus is also available at www.zwipe.com. The supplementary document is not a prospectus, has not been approved by any supervisory authority and does not contain any offering of shares or any other offering of financial instruments in Zwipe in Sweden or in any other jurisdiction.
First day of trading on First North in Stockholm is planned for Tuesday 28 January 2020, subject to final approval by First North and other customary conditions being met.
This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market and the First North rules for application.
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OSLO, NORWAY– 14 JANUARY 2020 – Biometric technology company Zwipe AS (Zwipe) today announces that it expects to list its shares for trading on Nasdaq First North Growth Market (First North) in Stockholm, under the ticker “ZWIPE". The first day of trading is planned for Tuesday 28 January 2020. First North has assessed Zwipe and confirmed that Zwipe fulfils requirements for listing, subject to customary conditions, including distribution requirements and final formal approval from First North. Zwipe will not issue new shares in connection with the Firth North listing.
Currently Zwipe is listed on Merkur Market at Oslo Børs under the ticker "ZWIPE-ME". Following the listing at First North, Zwipe will be dual-listed and traded on both markets until further notice. The ISIN number of Zwipe at both exchanges is NO0010721277.
Swedish and international shareholders who wish to transfer their shares for trading on First North are advised to contact their respective broker/nominee account manager for more information on the transfer. Such transfer means that Zwipe shares must be made available for trading through Euroclear Sweden (the Swedish central securities depository). Zwipe intends to facilitate transfer to Euroclear Sweden for its international investors during dedicated periods of time.
Norwegian shareholders and other shareholders wishing to continue trading their shares at Merkur Market at Oslo Børs do not need to take any action at this time.
André Løvestam, CEO of Zwipe says” I am excited that Nasdaq First North has confirmed that Zwipe fulfils the listing requirements, subject to customary conditions being met, and that I can announce the expected listing at First North in Stockholm on January 28, thereby enabling a market for trading closer to a number of our shareholders. Nasdaq First North is a dynamic and growing market, and we are very pleased to welcome our shareholders to trading at First North in addition to Merkur Market."
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For more information please contact:
André Løvestam, CEO; +47 909 43 660; ir@zwipe.com
This information is made public in accordance with the continuing obligation of companies admitted to trading on Merkur Market
On 4 December 2019 Zwipe AS announced its approved and published prospectus regarding rights issue.
Reference is made to the announcement made by Zwipe AS (the Company) on 10 November 2019 of the preferential rights issue of up to NOK 74.5 million by issuing up to 10,635,525 new shares in the Company, and the announcement of the approval by the extraordinary general meeting in the Company of the preferential rights issue on 2 December 2019.
The prospectus containing complete information regarding the rights issue and information about the Company was approved by the Financial Supervisory Authority of Norway (NFSA) as competent authority under the EU Prospectus Regulation on 4 December 2019. It is published on Zwipe AS' website https://zwipe.com/investors and on the manager Erik Penser Bank AB (publ)'s website https://www.penser.se/corporate-finance/#pagaende-uppdrag.
The prospectus has been border-crossed to Sweden through notification from the NFSA to Finansinspektionen in Sweden meaning that the subscription period under the rights issue started as planned in Norway and Sweden on Thursday 5 December 2019 at 09:00 CET.
Further recent announcements regarding the rights issue, appointment of new CFO and insider transactions are available on Zwipe’s web site www.zwipe.com
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OSLO, NORWAY– 21 November 2019 – Biometric technology company Zwipe is pleased to unveil the Zwipe Experience at Trustech 2019, one of the leading global events dedicated to payments, identification and security.
The Zwipe Experience is a comprehensive mix of products and advisory services developed specifically to assist Zwipe’s customers, smart card manufacturers and issuers, to move from concept to mass market. The package features technical manufacturing support, issuer integration services and piloting support.
“We are leveraging the learning we have built over the last two years, having the most widely piloted technology platform in the biometric payment marketplace, to support our customers above and beyond delivering prelaminates, components and biometric inlays,” Zwipe CEO André Løvestam said, adding “focusing on user experience, we are confident that having the most dynamic service platform in addition to the most cost competitive technology offering will further strengthen our role in this market.”
Zwipe will be showcasing elements of the Zwipe Experience at the Multos Consortium exhibition, stand RIV C020.
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OSLO, NORWAY– 18 November 2019 – The Board of Directors of Zwipe AS has today resolved to approve management’s proposal for a streamlining program, enabled by the strategic collaboration agreement with Idemia. The program will focus the company’s activities, reduce staff and operational expenses, and enable underlying annual savings in excess of NOK 40 million.
The program is expected to be fully implemented in November 2019 and related one-off costs will be included in the Q4 results. The effects are expected to be realized from first quarter of 2020.
CEO André Løvestam comments: ”The product roadmap streamlining that we are now launching has been made possible thanks to the strategic collaboration with Idemia on a disruptive technology platform. We believe this innovation is a game changer and a catalyst for growth in the industry.
The new platform will integrate and simplify component design, drastically reducing costs of the product itself and the manufacturing process. As a result, a complete biometric payment card cost of below USD 10 is becoming realistic, providing an accelerated path to mass volumes while giving Zwipe a long-term cost leadership position.
Zwipe’s streamlined roadmap enables simplifying and focusing the company, while maintaining competent capacity to support our customers. In combination with the announced 90% guaranteed rights issue, we see a clear path toward commercializing our technology, with the required capital resources to get to that point.”
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OSLO, NORWAY– 10 November 2019 – The Board of Directors of Zwipe AS has today resolved to call for an extraordinary general meeting in the company on 2 December 2019 to resolve a rights issue of up to approximately gross NOK 74 million. The call for the extraordinary general meeting is attached to this notice.
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OSLO NORWAY and CALIFORNIA, USA – 28 March 2023 – CardLogix, a global supplier of smart cards for authentication, encryption, biometric and other card operating systems has partnered with biometric cards pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With the disruptive Zwipe Access platform, CardLogix will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
According to Sebastien Goulet, CEO of CardLogix, “We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access, ID cards and CardLogix biometric solutions.”
According to the partnership, CardLogix will provide secure loading of smart credentials for Zwipe’s BSoC access cards.
“We are happy that Zwipe is a part of this collaboration. What adds significance to this partnership is the value that CardLogix will deliver to our US customers and the availability for them of our leading-edge biometric access cards. We look forward to strengthening this relationship for supplying biometrics-enabled cards to our integration partners for access control solutions and their customers in airport, data center, critical infrastructure and other secure facilities across North America.” says Robert Puskaric, President and CEO of Zwipe.
About CardLogix
CardLogix, based in Rancho Santa Margarita, California, USA, is a smart card & biometric solution provider, software developer, and the premier provider of smart card components with a comprehensive line of Software Development Kits (SDK), tools that enable swift card or biometric project development. Since 1998, CardLogix has supplied millions of cards and card components to over 84 countries around the world. As an expert in smart card and chip technology, card operating systems, card software, biometric enrollment, validation, verification, development tools, and middleware, CardLogix has continuously been at the forefront of smart card and biometric technology offering all types of solutions.
Please send media inquiries at sales@cardlogix.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 www.zwipe.com
OSLO, NORWAY - 23 MARCH 2023 - Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result of the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue") and the subscriptions made by the primary insiders Robert Mueller on 9 March 2023 and Diderik Schonheyder on 10 March 2023, respectively.
Due to a miscalculation of the number of Offer Shares the subscription rights received in the Rights Issue entitled them to based on the 9:5 subscription ratio, the number of Offer Shares subscribed for in the Rights Issue was incorrectly reported for Robert Mueller and Diderik Schonheyder. The miscalculation was identified following receipt of their final allocation of Offer Shares in the Rights Issue.
Please see the attached notifications of trade correcting the notifications made on 9 March 2023 for Robert Mueller and on 10 March 2023 for Diderik Schonheyder.
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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 – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the final results of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share (the "Rights Issue").
Diderik Schonheyder, a board member of Zwipe AS, has today, on 21 March 2023, been allocated and thereby validly subscribed for the 10.945 Offer Shares he over-subscribed in the Rights Issue.
Please see the attached notification of trade 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
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue expired at 16:30 hours CET yesterday, on 20 March 2023.
The Company received subscriptions for a total of 14,308,313 Offer Shares, corresponding to 68.59% of the Offer Shares, during the subscription period for the Rights Issue.
The allocation of the Offer Shares 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 1 March 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 20,862,047 Offer Shares in the Rights Issue, of which 14,308,313 Offer Shares were allocated based on subscriptions received in the subscription period (which includes subscriptions made by the underwriters during the subscription period) and the remaining 6,553,734 Offer Shares were allocated to the underwriters for the Rights Issue.
Notifications of conditionally allocated Offer Shares 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 22 March 2023. Payment for the allocated Offer Shares falls due on 24 March 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares 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 28 March 2023. Under the same conditions, allocated Offer Shares are expected to be delivered on or about 29 March 2023 through the facilities of VPS and on or about 31 March 2023 through the facilities of Euroclear. Trading in the Offer Shares on Euronext Growth Oslo is expected to commence on or about 28 March 2023 and on Nasdaq First North Growth Market on or about 31 March 2023.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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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 above, at 18:00 on 21 March 2023.
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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.
IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 20 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue will expire today, on 20 March 2023, at 16:30 hours (CET).
Subscriptions for Offer Shares by subscribers with a VPS account must be made by submitting a correctly completed subscription form to DNB Bank ASA, Registrar's Department (the "VPS Registrar") at the following address: Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or by e-mail to: retail@dnb.no, by 16:30 hours (CET) today, 20 March 2023, or, in the case of online subscriptions, be registered through the VPS online subscription system within the same deadline.
Subscription rights that are not used to subscribe for Offer Shares by the end of the Subscription Period will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
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 INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY and RIYADH, SAUDI ARABIA– 16 March 2023 – Unicard, a provider of secure solutions in the Kingdom of Saudi Arabia (KSA) and a subsidiary of Inkript, a digital security solutions provider in the Middle East and Africa, has partnered with Zwipe to deploy biometric payment cards in the MEA region. With this collaboration, Zwipe will strengthen its presence in one of the leading markets in the MEA region.
Unicard develops customized solutions in security printing and is a leading supplier of smartcards for the Saudi market.
Commenting on this major development of the growing and promising biometric payment card market, Riad Itani, Managing Director at Inkript Industries, said, “Our partnership with Zwipe is key in a growing market such as KSA. In the last few years, we have been witnessing an increase in digital payment usage in the Kingdom but security remains key to the growing adoption of innovative payment methods. Therefore, the demand for biometric payment cards has grown as Saudi consumers have shown an openness for new payments options. The government is also encouraging cashless transactions and promoting payment innovation with emphasis on fraud prevention.
"In fact, according to Global Data’s forecast, the Saudi Arabian payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to reach $ 219.2 billion in 2026. We believe that the rapid evolution of the biometric payment card market is imminent in a country supported by a robust contactless payment infrastructure. As biometric authentication is reshaping payments, we are looking forward to working with Zwipe, to provide our clients in the Kingdom with the latest and most secure biometric payment technology”.
As part of this agreement, Zwipe will provide its VISA and Mastercard approved Zwipe Pay biometric payment card platform to Unicard to make biometric payment cards available in Saudi Arabia and the MEA region. Unicard will benefit from Zwipe’s biometric technology platform and expertise in biometric card manufacturing, personalization and fulfillment services.
According to Ramzi Saboury, General Manager for Zwipe in Middle East and Africa, “The Kingdom of Saudi Arabia is a key market for Zwipe, with a high potential for biometric payment cards. We are therefore very pleased with this new partnership with Unicard. Our clients will benefit from getting our partner biometric cards based on the most advanced and certified Zwipe Pay solution.”
About Unicard
Unicard was established in 2004 in Dammam, KSA, and was acquired in 2012 by Inkript, an established digital security solutions provider in the Middle East and Africa. Unicard is a secure solutions provider supporting governments, telecom operators, financial institutions and large corporations, and mainly caters to the Saudi market with a constant expansion throughout the region. The company is specialized in smartcard production and security printing, and complies with ISO standard (ISO 7811) in cards manufacturing.
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 next-generation biometric card technology for both payment and physical & logical access control and ID 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, please visit www.zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 14 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company" or "Zwipe") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The trading period in the subscription rights in the Rights Issue on Euronext Growth Oslo (ticker code "ZWIPT") and on Nasdaq First North Growth Market (ticker code "ZWIPE TR") expires at close of trading today, 14 March 2023, on Euronext Growth Oslo at 16:30 hours (CET) and on Nasdaq First North Growth Market at 17:30 hours (CET), respectively.
The subscription period for the Rights Issue expires at 16:30 hours (CET) on 20 March 2023.
Subscription rights that are not sold before close of trading today, 14 March 2023, or used to subscribe for Offer Shares in the Rights Issue before the expiry of the subscription period on 20 March 2023 at 16:30 hours (CET), will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
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 INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY – 10 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares 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.
#######
For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 9 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares 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.
#######
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.
#######
For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
