Fingerprint Cards AB Announces Significant Share Consolidation
Updates on Share Structure of Fingerprint Cards AB
Fingerprint Cards AB (publ), commonly referred to as FPC, has recently completed a significant step in its corporate restructuring by implementing a reverse share split that consolidates its shares at a ratio of 1:2,000. This consolidation process is not just a technical adjustment; it reflects FPC's strategy to streamline its capital structure and reinforce shareholder value.
Impact of the Reverse Share Split
Before the reverse share split, FPC had an impressive total of around 15.2 billion shares. This consisted of 7,875,000 A-shares and a staggering 15,167,500,766 B-shares, indicating the vast scale of share distribution among its investors. The total votes tied to these shares reached up to 15,246,250,766, reinforcing shareholders' influence over company decisions.
Post-Split Changes
As a result of the consolidation, the number of shares has now reduced to approximately 7.6 million. Specifically, the updated figures show 3,937 A-shares and 7,583,750 B-shares. This significant reduction marks a pivotal shift in FPC's share capital, and the total votes have adjusted to 7,623,120, comprised of 39,370 from the A-shares and the remaining from B-shares.
Shareholder Dynamics and Future Outlook
With the completion of the reverse share split, FPC currently holds 1,900 treasury B-shares. This strategic move not only simplifies FPC's share structure but also positions the company for improved market performance as it looks to enhance shareholder engagement and value.
Investor Relations and Transparency
FPC’s commitment to transparent communication is evident through its Investor Relations department. Shareholders and interested investors can reach out for more information via the dedicated contact numbers. Notably, the company has ensured that all communications comply with applicable financial regulations, thus maintaining investor confidence and engagement.
About Fingerprint Cards AB
As a pioneering leader in biometric technology, Fingerprint Cards AB is driving the future of secure digital authentication. The company specializes in innovative biometric solutions that merge seamlessly from edge to cloud. Their mission encompasses promoting a secure environment where personal identity is paramount, assuring users that they are the key to their digital assets.
FPC's diverse portfolio includes solutions for enterprises, fintechs, and original equipment manufacturers (OEMs). Their technology fuels secure and convenient authentication processes embedded within billions of devices, cards, and digital ecosystems globally. Ranging from consumer electronics to robust cybersecurity measures, FPC's cloud-based platforms cater to various biometric modalities – including fingerprint, iris, and facial recognition technologies. This visionary approach is paving the way for a passwordless world, enhancing security and user experience alike.
For those wishing to stay connected and updated with FPC, following their social media platforms or visiting their website is encouraged. As FPC is listed on Nasdaq Stockholm with the ticker FING B, those interested in market activities can track performance and announcements through various financial platforms.
Frequently Asked Questions
What is the purpose of the reverse share split?
The reverse share split is intended to consolidate shares and enhance shareholder value by making the stock more appealing to investors.
How will the reverse share split affect existing shareholders?
Existing shareholders will own fewer shares, but their overall investment value remains the same. The aim is to streamline the capital structure.
What is the new total number of shares after the split?
Post-split, Fingerprint Cards AB now has approximately 7,587,687 total shares outstanding.
Where can I find more information about Fingerprint Cards AB?
For more information, visit Fingerprint Cards AB's official website or contact their Investor Relations.
What does FPC do?
Fingerprint Cards AB specializes in biometrics technology, providing secure authentication solutions across various industries, focusing on user convenience and data security.
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