Investigation into suspicion of serious insider trading crime at Fingerprint Cards AB
The Swedish Economic Crime Authority (EBM) has today requested that a non-executive employee of Fingerprint Cards AB (FPC) be detained on suspicion of a serious breach of insider legislation. The employee was arrested in his home on Wednesday morning and was charged with the offenses, based on reasonable grounds, at the City Court today. On four, completely separate, occasions during 2010–2011, Fingerprint Cards reported suspicious share-price movements and suspicions of insider trading to the Swedish Financial Supervisory Authority (FI) in connection with the disclosure of major corporate events and interim reports. The investigation, which is classified as strictly secret, pertains to a number of events during 2010–2012.
For further information, contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-60 78 20, investrel@fingerprints.com
Fingerprint Cards AB (publ), Box 2412, SE-403 16 GOTHENBURG, www.fingerprints.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 the Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg.
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 23, 2012.
Important information
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 of the company’s securities in any jurisdiction.