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DGAP-News: Identive Group Inc.: Identive announces results of annual meeting

ID: 1233760
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(businesspress24) - DGAP-News: Identive Group Inc. / Key word(s): AGM/EGM/Change of
Personnel
Identive Group Inc.: Identive announces results of annual meeting

04.06.2013 / 22:00

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SANTA ANA, Calif. and ISMANING, Germany, June 4, 2013 - Identive Group,
Inc. (NASDAQ: INVE) (Frankfurt: INV), a provider of solutions and services
for the identification, security and RFID industries, today announced the
results of its 2013 Annual Meeting of Stockholders and changes to its Board
of Directors.

Results of Annual Meeting

At the Annual Meeting held today, 56.4% of the total shares entitled to
vote were represented, Identive stockholders approved the election of Phil
Libin, chief executive officer of Evernote and a director of Identive since
May 2011, to serve for a further three-year term. A proposal to ratify the
appointment of Ernst&Young GmbH as the Company's independent auditor for
2013 also was approved, and 97.6% of stockholders voted in favor of an
advisory resolution on the compensation of the Company's named executive
officers for fiscal 2012 (Say on Pay).

Changes to Board of Directors

Mr. Richard A. Clarke, a director of the Company since January 2012, was
not nominated to serve for an additional term at this year's Annual Meeting
due to the demands of his other professional commitments.

As previously announced, effective June 30, 2013 Mr. Simon Turner will be
departing as a director of the Company and Mr. Saad Alazem will join the
Board, filling the seat vacated by Mr. Turner for a term expiring at the
Company's 2015 Annual Meeting of Stockholders.

Mr. Alazem brings over 15 years of financial and business leadership in
international markets to Identive's Board, with a particular focus on
operational efficiencies, process and productivity improvement, business


continuity strategies and general management best practices. He also brings
significant expertise in financial analysis and general corporate finance
as well as M&A and debt and equity capital fundraising. Mr. Alazem is the
chief executive officer of Alazem for Financial Consulting, a CroweHorwath
member firm, which he co-founded in 2007. Previously, from 2000 to 2007, he
served as an investment officer in the Global Financial Markets Department
for the International Finance Corporation of The World Bank Group. He has
been an independent member of the Board of Directors of Al-Khabeer Capital
Bank in Saudi Arabia and Bahrain since 2009 and an independent director of
the Board of Directors of Mountain Partners AG, a shareholder of the
Company, since 2008.

'On behalf of the Company and the Board, I would like to express
appreciation to Simon Turner and Dick Clarke for their service as directors
and for the contributions they have made to help shape Identive's strategic
vision and respond to the dynamic challenges of our business,' said Ayman
S. Ashour, chief executive officer and chairman of Identive. 'I am
personally very grateful to each of them for their generosity in sharing
the insights of their professional experience for Identive's benefit. In
particular I would like to thank Simon Turner for his 13 years of service
on the Board and his many years of dedicated leadership on the audit and
compensation committees.'

About Identive
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building
the world's signature company in Secure ID. The company's products,
software, systems and services address the markets for identity management,
physical and logical access control, cashless payment, NFC solutions and a
host of RFID-enabled applications for customers in the government,
enterprise, consumer, education and healthcare sectors. Identive's mission
is to build a lasting business of scale and technology based on a
combination of strong technology-driven organic growth and disciplined
acquisitive expansion. The company delivers up-to-date information on its
activity as well as industry trends through its industry-leading social
media initiatives and educational resource, AskIdentive.com. For additional
information, please visit www.identive-group.com or follow on Twitter at
(at)IdentiveGroup.

Note: Identive and the Identive logo are trademarks of Identive Group, Inc,
registered in many jurisdictions worldwide. All other company, product or
service names may be trademarks or registered trademarks of others and are
the property of their respective owners.


Contact:
Lennart Streibel
+49 89 9595-5195
lstreibel(at)identive-group.com


End of Corporate News

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04.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Identive Group Inc.
1900B Carnegie Avenue
CA 92705 Santa Ana
United States
Phone: +49 (0)89 9595 5000
Fax: +49 (0)89 9595 5555
E-mail: info(at)identive-group.com
Internet: www.identive-group.com
ISIN: US45170X1063
WKN: A1C0ZG
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)


End of News DGAP News-Service
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214865 04.06.2013



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Date: 06/04/2013 - 22:00
Language: English
News-ID 1233760
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