Important Reverse Share Split Announcement by Fingerprint Cards AB
At the recent Annual General Meeting of Fingerprint Cards AB (publ), the company, commonly referred to as FPC, made a significant decision regarding its share structure. The resolution included a reverse share split that consolidates 2,000 existing shares into one new share. This bold move is intended to simplify the company's stock while enhancing its market appeal.
Details Surrounding the Reverse Share Split
The initiative was concluded during a vote at the Annual General Meeting. Following the resolution, the Board of Directors has taken steps to determine the record date for this reverse split. As decided, the record date will be on July 11, 2025. This marks a crucial date that all shareholders should take note of.
Impacts of the Reverse Share Split
Due to this reverse share split, the ISIN code for FPC’s B-shares will change. Starting from July 10, 2025, these B-shares will be identifiable by the new ISIN code SE0025420235. Importantly, from this date forward, the pricing of the shares will reflect the adjustments made as a result of the reverse split.
Share Consolidation and Voting Rights
An essential element of this reverse split involves a significant reduction in the total number of shares from approximately 15.2 billion to 7.6 million. The breakdown will be as follows: 3,937 A-shares and about 7.6 million B-shares, leading to a total of around 7,623,120 votes. Each share's quota value will change to SEK 21.353477 post-split.
What to Expect for Shareholders
All shareholders will see their holdings automatically adjusted based on their existing share count as of the record date. If any holder has a number of B-shares that is not evenly divisible by 2,000, the company will issue additional B-shares free of charge, ensuring that all holdings meet the required divisor. This process will be managed by Euroclear Sweden AB, making it seamless for the shareholders involved.
Essential Timeline for Shareholders
Here is a summary of the important dates leading up to and following the reverse share split:
- On July 9, 2025, the last day of trading will occur before the reverse split takes effect.
- July 10, 2025 marks the first day of trading after the split. On this day, share prices will reflect the effects of the reverse share split.
- July 11, 2025 is the critical record date for shareholders to mark on their calendars.
Further Information and Contact Details
For those looking for additional insights or who may have queries regarding the reverse share split, Adam Philpott, the CEO of Fingerprint Cards AB, is available to provide information. You can reach out via the Investor Relations contact number at +46(0)10-172 00 10 or send an email to investrel@fingerprints.com.
For press inquiries, the contact number is +46(0)10-172 00 20, and emails can be sent to press@fingerprints.com.
About Fingerprint Cards AB
Fingerprint Cards AB, known as FPC, is a key player in the biometrics sector, providing cutting-edge solutions that serve a myriad of users, from enterprises to financial institutions. The company's vision is to create a secure, seamless world where individuals are empowered to use their unique biometric traits as keys to access various services and secure transactions.
FPC’s offerings are trusted across a wide variety of industries, enabling secure, convenient authentications daily through an expansive range of devices. They focus on integrating multiple biometric methods, including fingerprint and facial recognition, into robust cloud-based platforms that enhance both security and user convenience. As the demand for passwordless solutions rises, Fingerprint Cards AB is at the forefront, leading the way in biometric technology. To learn more about their innovative biometric solutions, visit their website and connect with them on platforms like LinkedIn and X.
Frequently Asked Questions
What is a reverse share split?
A reverse share split is a process where a company consolidates its outstanding shares to reduce the total number while increasing the individual share price.
Why is Fingerprint Cards AB doing a reverse share split?
This strategy aims to improve the stock's market perception, streamline trading, and potentially attract new investors.
When will the reverse split be effective?
The reverse split is set to become effective on July 10, 2025, with the record date established for July 11, 2025.
How will my shares be affected?
Shareholders will receive a proportionate number of new shares, and those with holdings not divisible by 2,000 will receive additional shares to ensure even divisibility.
Who can I contact for more information?
For inquiries, you can reach out to Adam Philpott, the CEO of Fingerprint Cards AB, at the Investor Relations number or via email.
