Notification of Extraordinary General Meeting in Fingerprint Cards AB (publ)
The shareholders in Fingerprint Cards AB (publ), reg. no 556154-2381 (the “Company”) are hereby invited to an Extraordinary General Meeting on Monday, March 4, 2013, at 6:00 p.m., at the Scandic Park Hotel, Karlavägen 43 in Stockholm, Sweden.
Notice of Attendance
Shareholders who wish to attend the General Meeting must:
(i) be recorded in the share register kept by Euroclear Sweden AB on February 26, 2013, and
(ii) notify the Company of their intent to attend the General Meeting, stating name, personal or corporate identity number, and the number of shares held in the Company, by mail to the address: Fingerprint Cards AB, P.O. Box 2412, SE-403 15 Gothenburg, Sweden, or by fax +46(0)31-137385, or by e-mail: email@example.com, no later than on February 26, 2013, at 4:00 p.m.
Should a shareholder wish to bring one or two assistants to the General Meeting, this must be informed of in connection with the notice of attendance. Shareholders who hold their shares through nominees must, well in advance of February 26, 2013, request that such nominee temporarily registers the shares in the shareholder’s name in order to be entitled to attend the General Meeting. Such registration must be completed with Euroclear Sweden AB on February 26, 2013.
Number of Shares and Votes
At the time of publication of this notification, the total number of class A shares in the Company is 1,200,000, each representing 10 votes, corresponding to 12,000,000 votes, and the total number of class B shares in the Company is 46,608,135, each representing 1 vote, corresponding to 46,608,135 votes. Thus, at the time of issuance of this notification, there is a total of 47,808,135 shares and a total of 58,608,135 votes in the Company. The Company does not hold any of its own shares.
Shareholders represented by proxy shall issue a proxy for the representative. A proxy form is available at the Company’s website www.fingerprint.se and will be sent free of cost to the shareholders who so request and state their address. Representatives of legal entities shall submit a certified copy of a registration certificate or similar documentation for the legal entity. Such registration certificate or similar documentation may not be issued more than one (1) year prior to the date of the General Meeting. The proxy in original, and, where applicable, the registration certificate or similar documentation, should be submitted to the above address well in advance of the General Meeting.
Business at the General Meeting
Proposal for Agenda
1) Opening of the General Meeting;
2) Election of Chairman at the General Meeting;
3) Preparation and approval of voting list;
4) Approval of the agenda;
5) Election of two persons to approve the minutes;
6) Determination of whether the General Meeting has been duly convened;
7) Resolution on issue of share warrants and resolution on approval of transfer of share warrants, etcetera;
8) Closing of the General Meeting.
Item 7 - The Board of Directors’ proposal for resolution on issue of share warrants and approval of transfer of share warrants, etcetera
Shareholders jointly representing approximately 23.3 percent of the votes and 5.9 percent of the capital in the Company have declared that they support the Board of Directors’ proposal for resolution on issue of share warrants under this Item. The proposal is essentially the following.
A. The Board of Directors proposes that the Company shall issue a maximum of 1,300,000 share warrants. The right to subscribe for the share warrants shall, with deviation from the shareholders’ preferential right, be allotted to Fingerprint Security System Databärare AB, reg. no 556239-5938 (the “Subsidiary”), a wholly owned subsidiary of the Company. Subscription must be completed no later than March 5, 2013. The share warrants will be issued without consideration. The Subsidiary shall transfer the share warrants according to what is stated in Item B below.
Each share warrant entitles its holder to subscribe for one new class B share in the Company. Subscription of shares in accordance with the terms and conditions of the share warrants may be made as from February 5, 2016 up to and including March 5, 2013. The subscription price will correspond to 200 percent of the quoted volume-weighted average purchase price for class B shares in the Company on NASDAQ OMX Stockholm from February 18, 2013 up to and including March 1, 2013. The increase in the Company’s share capital upon full exercise of the share warrants will amount to SEK 260,000, and corresponds to a dilution of approximately 2.3 percent of the total number of shares in the Company and approximately 1.9 percent of the total number of votes in the Company considering the shares that can be issued upon full exercise of the previously issued share warrants and the share warrants which may be issued in accordance with this proposal for resolution.
The reason for deviation from the shareholders’ preferential right is that the employees, by investing themselves, shall partake of and work for a positive value trend of the Company’s share during the entire period covered by the proposed program, as well as to enable the Company to recruit competent and committed personnel.
B. The Board of Directors proposes that the General Meeting approves the Subsidiary’s transfer of share warrants on the following terms and conditions.
The right to acquire share warrants from the Subsidiary shall only be given to a new key employee in the senior management team and provided that such person at the end of the application period have not been notified of termination of employment, or resigned. Allotment is conditional upon it being possible to legally implement the acquisition of share warrants, and that this according to the assessment of the Board of Directors can be done using reasonable administrative and financial resources. Application for acquisition of share warrants can be made as from February 18, 2013 up to and including March 1, 2013, and in lots corresponding to either the highest number of share warrants offered or reduced by lots of 1,000 share warrants. Allotment shall be made in full lots of 1,000 share warrants.
The share warrants shall be transferred on market terms at a price established on the basis of a market value calculated by an independent valuation institute using the Black & Scholes valuation model. The Company’s Board of Directors may decide to cancel share warrants that are not transferred to employees and share warrants that have been re-purchased from employees. Cancellation shall be registered with the Swedish Companies Registration Office.
C. The Board of Directors proposes that the General Meeting authorizes the Company’s Board of Directors to implement the issue resolution in accordance with Item A above and to ensure that the Subsidiary’s Board of Directors implements the transfer of the share warrants in accordance with Item B above. It is further proposed that the Board of Directors is authorized to make such minor adjustments to the General Meeting’s resolution which may prove necessary in connection with registration of the share warrants with the Swedish Companies Registration Office and affiliation of the share warrants with Euroclear Sweden AB.
Majority requirement, etcetera
For a resolution in accordance with Item 7 to be valid, the resolution must be supported by shareholders representing at least nine-tenths of the votes cast and the shares represented at the General Meeting. A General Meeting in the Subsidiary must also approve the resolution on transfer in accordance with Item 7 B above.
Complete proposals for the resolution and documentation in accordance with Chapter 14, Section 8 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) will be available at the Company’s office and on the Company’s website, www.fingerprint.se, no later than from February 11, 2013. Copies of this documentation will be sent to shareholders who have registered for the General Meeting and who have provided their postal address.
Disclosures at the Meeting
If any shareholder so requests and the Board of Directors deems that it can be done without causing material harm to the Company, the Board of Directors and the CEO shall provide disclosures about circumstances that may affect the assessment of (i) an item on the agenda, or (ii) the Company’s relationship to another group company.
Gothenburg, February 2013
Fingerprint Cards AB (publ)
The Board of Directors
For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-60 78 20, firstname.lastname@example.org
Fingerprint Cards AB (publ), P.O. Box 2412, SE-403 16 Gothenburg, Sweden www.fingerprints.com
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 (Sw. lagen (2007:528) om värdepappersmarknaden) and the Swedish Financial Instruments Trading Act (Sw. lagen (1991:980) om handel med finansiella instrument). The information was issued for publication on February 7, 2013, at 8:00 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.
Please note that this is an unofficial translation of the Swedish original version. In the event of any discrepancies, the Swedish version shall prevail.