CFO Buys Shares in Precise Biometrics

“…Nilsson’s share purchase has been announced immediately on the heels of the company’s Q3 update, the first to feature commentary from its new CEO.”

Precise Biometrics‘ Chief Financial Officer, Ulrik Nilsson, has bought 200.000 shares in the company.

In announcing the share purchase, Precise Biometrics offered no explanation or commentary, noting only that it “is information that Precise Biometrics AB is obliged to make public pursuant to the EU Market Abuse Regulation.” Nevertheless, it is surely an encouraging development for the company that another senior executive has taken a personal, financial stake in its success in the form of shares; Precise Biometrics’ new CEO, Stefan K. Persson, purchased 310,041 shares in the company at the start of this year, well before he actually began in his new role in the summer.

Further to that point, Nilsson’s share purchase has been announced immediately on the heels of the company’s Q3 update, the first to feature commentary from its new CEO. The report emphasized some major strategic shifts for Precise Biometrics, including the opening of a new office in Shanghai and the company’s planned expansion into multimodal biometrics.

Nilsson began in his position as Precise Biometrics’ CFO at the end of September, replacing Göran Thuresson, who is now an interim consultant with the firm.

–

November 14, 2018 – by Alex Perala