Introduction to the Reverse Share Split
Recently, Fingerprint Cards AB (publ) has taken a significant step to enhance its capital structure by announcing a reverse share split. This decision, made during the Extra General Meeting, comes as a strategic move aimed at improving share liquidity and value. The company, known for its advanced biometric solutions, has solidified its position in the market through various innovations.
Details of the Reverse Share Split
At the Extra General Meeting, a resolution was passed to consolidate every two thousand existing shares into one new share, establishing a reverse split ratio of 1:2,000. This means that for every 2,000 shares held by shareholders, they will receive one share following the reversal, preserving their ownership percentage while condensing the total stock volume.
Record Date Announcement
The Board of Directors has set the record date for this reverse split as September 4, 2025. Shareholders will receive their new shares automatically, subject to the consolidation ratio. It's important for shareholders to be aware of this date to understand how the change will affect their holdings.
Implications for Shareholders
Following the reverse split, the number of shares in the company will decrease significantly from over 15 billion to approximately 7.5 million shares. This change will also alter the ISIN codes for the shares, which are essential for trading and regulatory purposes. The B-shares will change to the new ISIN code SE0026141665, effective from September 3, 2025.
Understanding the Changes in Share Structure
The adjustment in shares will not affect the individual characteristics of Class A and Class B shares. After the consolidation, the ratio remains intact, ensuring that all rights and attributes of the shares are preserved. The new quota value for each share will be SEK 21.353477, reflecting the share's value after the split.
Processing of Share Fractions
Shareholders with holdings that are not perfectly divisible by 2,000 will have their holdings rounded down to the closest lower amount post-split. Any excess shares will be aggregated and sold by the company, with proceeds distributed to eligible shareholders. This transaction is expected to occur in mid-September, with payments anticipated by the end of the month.
Key Dates for Shareholders
Shareholders should note the following important dates:
- September 2, 2025 – The last day to trade in the existing B-shares before the split.
- September 3, 2025 – The first day trading under the new ISIN after the split.
- September 4, 2025 – Official record date for the reverse share split.
About Fingerprint Cards AB
Fingerprint Cards AB (FPC) stands as a global leader in the biometric technology space, providing solutions that range from edge to cloud biometric systems. The company strives to create a world where biometric authentication is a seamless experience for users. FPC's innovative technologies are integrated into a vast array of products, allowing for billions of secure interactions daily. They lead the charge towards a passwordless future, providing enhanced security and user convenience.
Contact for More Information
If you have any further questions or need additional information regarding this announcement, please reach out to Adam Philpott, CEO, via the following contacts:
Investor Relations: +46(0)10-172 00 10, investrel@fingerprints.com
Press: +46(0)10-172 00 20, press@fingerprints.com
Frequently Asked Questions
What is a reverse share split?
A reverse share split consolidates the number of existing shares into fewer shares, effectively increasing the share price without altering the company's overall value.
When is the record date for the reverse share split?
The record date for the reverse split is set for September 4, 2025.
What changes will occur for shareholders after the split?
Shareholders will see a reduction in the number of shares they hold, but their ownership percentage in the company will remain unchanged.
How will the share price be affected?
The share price will reflect the reverse split from September 3, 2025, when trading resumes under the new ISIN.
Who can I contact for more information about the reverse share split?
For inquiries, you can contact Adam Philpott, CEO, through provided phone numbers or emails.
