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The Board of Directors of Fingerprint Cards AB (publ) proposes a reverse share split of ordinary shares
Globenewswireยท 2025-05-21 13:55
Core Viewpoint - Fingerprint Cards AB (FPC) is proposing a reverse share split at a ratio of 2,000:1 to enhance its share structure and support sustainable growth initiatives [1][2][3]. Share Split Details - The reverse share split will convert every 2,000 existing shares into 1 new share, maintaining all class-specific rights and characteristics [1][3]. - Post-split, the total number of shares will decrease from 15,175,375,766 to 7,587,687, with the quota value per share estimated at approximately 21.353477 SEK [3]. Shareholder Considerations - The company will provide shares free of charge to shareholders whose holdings are not evenly divisible by 2,000, with a maximum of 520,000 Class B treasury shares to be distributed, valued at no more than SEK 5,200 [4]. Company Background - Fingerprint Cards AB is recognized as a leading biometrics company, with its solutions integrated into numerous devices and applications, facilitating secure identification and authentication [5].