Fingerprint Cards has completed directed share issue of SEK 40 million
Fingerprint Cards AB (”FPC” or ”the Company”) has completed a directed share issue of approximately SEK 40.3 million in accordance with the placing agreement with Carnegie Investment Bank AB (”Carnegie”) in order to finance the accelerated growth and intensify participation in the on-going market expansion.
Carnegie has, on behalf of FPC, on 11 March 2013, placed and sold 1.4 million newly issued class B shares, at a volume weighted average price of approximately SEK 28.81 per share. In respect thereof the Board of Directors of FPC has, pursuant to the new issue authorization granted by the 2012 Annual General Meeting and in accordance with the placing agreement with Carnegie, decided that 1,400,000 shares of class B will be issued to Carnegie at a subscription price of approximately SEK 28.81 per share, equal to 3.0% of the number of class B shares outstanding in the Company before the new share issue. The new share issue will strengthen the Company’s financial ability to take an active part in the on-going market expansion for fingerprint sensors. The proceeds are intended to be used for investments in and costs for recruitment of additional personnel, consultants, development projects and acquisitions of technology companies. The new share issue provides the Company with approximately SEK 40.3 million before deductions for issue expenses.
As a result of the share issue, the number of shares in the Company will increase with 1.4 million class B shares. The Company’s total number of outstanding shares increases from 47 903 620 shares to a total of 49,303,620 shares, and the share capital will increase by SEK 280,000 to SEK 9,860,724.
On March 7 2013, the Company entered into a placing agreement with Carnegie, with the intention to place or sell a maximum of 3 million new issued class B shares during a limited period, hence additional newly issued class B shares may be placed or sold going forward.
A prospectus regarding the rights issue and the subsequent quotation of the new shares on NASDAQ OMX Stockholm (as well as the additional class B shares that could be issued under the placing agreement and utilisation of the new share issue authorisation) has been submitted with the Swedish Financial Supervisory Authority subject to approval and registration and is intended to be published on FPC’s website www.fingerprints.com shortly.
For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 31 60 78 20, email@example.com
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual’s unique fingerprint verify the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products such as smart cards and mobile phones, where extremely rigorous demands are placed on such characteristics. The Company’s technology can also be used in IT and Internet security, access control, etc.
Fingerprint Cards AB (FPC) is listed on NASDAQ OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on March 12, 2013, at 08:00 a.m.
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Fingerprint Cards securities in any jurisdiction.