Fingerprint Cards has completed directed share issue of SEK 54 million
Fingerprint Cards AB (”FPC” or ”the Company”) today announces that the Company has completed a private placement of 1.6 new class B shares, providing the Company with SEK 54.4 million before transaction costs.
The private placement, which was completed in accordance with the placing agreement with Carnegie Investment Bank AB (”Carnegie”) that was announced 8 March 2013, allows FPC to issue 1,600,000 class B shares at a subscription price of SEK 34 to two large international institutional investors. The subscription price represent a premium of 6.3 per cent to the five days volume weighted average price before the private placement and a discount of 2.9 per cent to yesterday’s closing price.
For the purpose of the private placement, 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 that the Company has entered into with Carnegie, decided on a directed share issue of 1,600,000 class B shares, equal to 3.3 per cent of the number of class B shares outstanding in the Company before the new share issue, at a subscription price of SEK 34 per share.
As a result of the share issue, the number of shares in the Company will increase with 1.6 million class B shares. The Company’s total number of outstanding shares increases from 49,303,620 shares to a total of 50,903,620 shares, and the share capital will increase by SEK 320,000 to SEK 10,180,724.
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.
A prospectus regarding the admission to trading of the newly issued shares on NASDAQ OMX Stockholm was announced on 12 March 2013 and is available on FPC’s website www.fingerprints.com.
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 15, 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.