Significant Updates from Fingerprint Cards' Latest Meeting

Key Decisions from Fingerprint Cards AB's General Meeting

During a recent extraordinary general meeting held by Fingerprint Cards AB (publ), vital decisions were made that will impact the company's future. Among the resolutions, the Board of Directors’ decision regarding a Rights Issue was approved, aiming to enhance shareholder engagement and secure additional capital.

Approval of the Rights Issue

The general meeting was pivotal in sanctioning the Board of Directors' proposition for a rights issue. This initiative involves the issuance of units comprising new series B shares and warrants that allow for the subscription of B-shares. With a record date set for participation, shareholders will receive a unit right for every existing share owned as of the specified date, facilitating an optimal hands-on approach for stakeholders.

Details of the Rights Issue

For every 11 unit rights, shareholders will have the option to subscribe for one unit at a price point established at SEK 0.48 per unit. Each unit consists of 48 B-shares and 8 warrants. If the Rights Issue reaches full subscription levels, Fingerprint Cards anticipates raising around SEK 159.9 million—before costs associated with the issue—enabling a robust investment into company initiatives. A significant number of units, specifically 333,126,105, have been earmarked for this issuance, reflecting a strategic step toward capital growth.

Supporting Shareholder Interests

Support for the Board's decision was evident, with shareholders representing at least two-thirds of the votes cast backing the resolution at the meeting. The commitment demonstrated by invested parties emphasizes confidence in the company's direction and fundamental strategies going forward.

Technical Adjustments for the Rights Issue

In conjunction with the Rights Issue, technical adjustments were also approved, including a share capital reduction. The decision to reduce the share capital by approximately SEK 158,988,426 was made to adjust the shares' quotient value in alignment with the upcoming Rights Issue, ensuring maintainable equity structures.

Share Capital Revisions

This capital reduction means that the share capital will thereafter stand at SEK 733,637.4316, spread across 3.67 billion shares. Following this, the company implemented a bonus issue—a maneuver designed to balance out the financial structure without diluting shareholder value. The dual approach allows for fluidity while safeguarding investor interests.

Executive Authorizations for Future Issuances

In addition to approving the Rights Issue, the meeting also addressed the authority granted to the Board of Directors concerning the issuance of new B-shares, warranties, and convertible bonds. The Board decided not to pursue any further authority for issuing equity until the annual general meeting, reiterating their focus on strategic planning over speculative financial maneuvers.

Availability of Meeting Documentation

Minutes from the meeting, detailing every resolution and decision made, will be made accessible on the company's official platforms, offering transparency and communication to shareholders and stakeholder alike.

Contact Information for Shareholder Queries

For any inquiries related to the outcomes of the meeting or shareholder information, Fingerprint Cards has established lines of communication. Investors can reach out through Investor Relations at +46(0)10-172 00 10 for queries regarding investments, while press-related inquiries can be directed to +46(0)10-172 00 20.

About Fingerprint Cards AB (FING B)

Fingerprint Cards AB is a globally recognized leader in biometrics, committed to fostering a secure and seamless interaction universe. Their innovative solutions are integrated into numerous devices, serving billions of authentication processes every day. The company continuously evolves with technology, making secure identification more accessible while maintaining a human-centric approach.

Frequently Asked Questions

What is the significance of the Rights Issue approved at the meeting?

The Rights Issue will allow existing shareholders of Fingerprint Cards AB to participate in securing new capital, providing a direct opportunity to invest in the company's growth.

How can shareholders participate in the upcoming Rights Issue?

Shareholders must hold shares by the record date to receive unit rights, allowing them to subscribe to additional shares through the Rights Issue.

What are the implications of the share capital reduction?

Reducing share capital helps adjust the quotient value to align with the Rights Issue, ensuring adequate financial structure for planned offerings.

Where can stakeholders find detailed meeting minutes?

The meeting minutes will be published on Fingerprint Cards' official website, offering insights into all resolutions made during the meeting.

How does Fingerprint Cards ensure shareholder value?

By maintaining transparent communication and strategic decisions, Fingerprint Cards aims to foster shareholder confidence and engagement, driving the company’s success.

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