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Ola Rollén Resumes Role as Hexagon CEO

Norwegian authorities release Rollén during investigation for insider trading

Published: Tuesday, November 8, 2016 - 11:13

(Quality Digest: Chico, CA) -- Upon release from detainment following allegations involving personal investments in a Norwegian company, Ola Rollén has resumed his duties as Hexagon president and CEO as of Nov. 7, 2016.

The Norwegian Economic Crime Authority decided not to file for an extension of Ola Rollén’s detainment, and he was released on Saturday, Nov. 5, 2016. The legal investigation will continue, but Rollén firmly denies the accusations.

“My conscience is clear,” said Rollén in a webcast on Nov. 7, 2016. “I’m confident that I have done nothing illegal, and I know that this matter will be cleared up.”

Rollén is being investigated by the Norwegian Economic Crime Authority for the purchase of 284,341 shares in NEXT Biometrics in October 2015. He has not been indicted.

According to his attorneys, insider trading allegations against Rollén were in connection to an investment in the Norwegian company NEXT Biometrics ASA by Greenbridge Partners Ltd., a privately held investment company of which Rollén is one of the primary shareholders. The investment was done via Iskossala Ltd., the Rollén family’s private investment vehicle, on behalf of Greenbridge. According to Rollén’s attorneys, this was done because at the time Greenbridge was not yet fully operational.

The purchase was made because Greenbridge views the fingerprint sensor market to be an area of strong growth, and Rollén gained substantial knowledge about the market, its players, and its potential from an earlier investment in Fingerprint Cards AB. The investment made by Greenbridge in NEXT is long term, and Greenbridge’s intention is to remain the principal shareholder in NEXT for at least five years, say Rollén’s attorneys.

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