NACKA STRAND, Sweden – Ola RollÃ©n, Hexagon's President and CEO, is currently under investigation for insider trading stemming from personal investments unrelated to Hexagon. The circumstances have been explained in this morning's press release from Christian B Hjort and Erik Keiserud, Ola RollÃ©n's lawyers, arguing that the charge is based on a misinterpretation of the factual and legal issues in the matter. (See the full release below.)
Melker SchÃ¶rling, Hexagon's Chairman of the Board, said, I have received the statement from Christian B. Hjort and Erik Keiserud, Ola RollÃ©n's lawyers, and I have complete confidence in Ola RollÃ©n. During 16 years of close collaboration, I have never had to question his judgement.
Below is the press release issued by Christian B. Hjort and Erik Keiserud, Ola RollÃ©n's lawyers:
Oslo, 31 October 2016
As Ola RollÃ©n's Norwegian lawyers we would like to inform the following:
The Norwegian economic crime authority has accused Ola RollÃ©n for insider trading in connection to an investment in the Norwegian company Next Biometrics ASA in October last year.
Ola RollÃ©n was following the charge, detained on 29 October 2016 for a week following a decision by the district court in Oslo. The decision to detain Ola RollÃ©n is based on the economic crime authority's need to secure evidence.
Ola RollÃ©n firmly denies the accusations. He does not admit to any guilt.
We argue that the charge is based on a misinterpretation of the factual and legal issues in the matter.
The acquisition of 284,341 shares in Next Biometrics was done by the private equity fund Greenbridge Partners, which at the time was being founded in order to complete a long-term investment in Next. The shares were acquired according to normal procedures in the market place, and were not based on any insider information.
Ola RollÃ©n hopes that the investigation will confirm the actual circumstances as soon as possible. He has been fully cooperative with authorities to ensure that the case has all relevant information. He wishes to provide no further comments before the economic crime authority has completed their investigation.
He deeply regrets the harm that this incident and investigation will cause for Hexagon, Greenbridge Partners and himself.
This information is information that Hexagon AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:15 CET on October 31, 2016.
Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46 countries and net sales of approximately 3.0bn EUR. Learn more at hexagon.com (http://www.hexagon.com/) and follow us @HexagonAB.
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