EANS-News: Identive Group Inc. / Identive announces closing of common stock offering

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Santa Ana, Calif. and Ismaning, Germany, May 27, 2011 (euro adhoc) - Identive
Group, Inc. ("Identive") (NASDAQ:INVE; Frankfurt:INV), a provider of products,
services and solutions for the security, identification and RFID industries,
today announced the closing of its previously announced public offering of
7,843,137 shares of its common stock at a price to the public of $2.55 per
share. The net proceeds to Identive from the sale of the shares, after
deducting underwriting discounts and commissions and estimated offering
expenses, were approximately $18.3 million. As previously disclosed, the
underwriters have an option, exercisable for 30 days from May 24, 2011, to
purchase up to 1,176,470 additional shares solely to cover overallotments. If
the underwriters exercise their over-allotment option in full, additional gross
proceeds from the offering, before underwriting discounts and commissions and
other offering expenses, will be approximately $3.0 million. Cowen and Company,
LLC and Morgan Joseph TriArtisan LLC acted as joint book-running managers for
the public offering.

Identive shares offered in the underwritten offering were issued pursuant to an
effective shelf registration statement that was previously filed with the SEC
and was declared effective on May 3, 2011. Copies of the final prospectus
supplement and the accompanying prospectus relating to the underwritten public
offering may be obtained from Cowen and Company, LLC (c/o Broadridge Financial
Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus
Department, Phone: 631-274-2806, Fax: 631-254-7140) or Morgan Joseph TriArtisan
LLC, 600 Fifth Avenue, 19th Floor, New York, NY 10020, Attn: Prospectus
Department, Phone: 212-218-3970, Fax: 212-218-3705. An electronic copy of the
prospectus supplement and the accompanying prospectus relating to the
underwritten offering is available on the website of the SEC at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of
offers to buy any securities of Identive, and shall not constitute an offer,
solicitation or sale of any security in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.

About Identive Group
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is an international
technology company focused on building the world´s signature group in secure
identification-based technologies. The businesses within Identive Group provide
products and solutions in the areas of physical and logical access control,
identity management and RFID systems to governments, commercial and industrial
enterprises and consumers. For additional info visit: www.identive-group.com.

Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: [email protected]
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: free trade/entry standard: Frankfurt, Nasdaq: New York, free trade:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print