Fingerprint Cards successfully completes private placement of SEK 138 million
| Source:Fingerprint Cards AB
Fingerprint Cards AB (publ) ("FPC" or the "Company") today announces that it has
completed a private placement of 2,500,000 new class B shares, providing the
Company with SEK 138 million before transaction costs.
The private placement, which was announced on 22 January 2014, has allowed FPC
to place 2,500,000 new class B shares with international institutional investors
at a price of SEK 55.25 per share.
The proceeds from the private placement are intended to be used to fund the
development of the Company and for general corporate purposes.
For the purpose of the private placement, the Board of Directors of FPC has
resolved, pursuant to the authorization given by the 2013 annual general
meeting, on a directed issue of 2,500,000 new class B shares. The purpose of the
resolution to issue new shares, deviating from the shareholders' preferential
rights, is primarily to broaden the long-term international institutional
ownership in FPC, and to take advantage of an opportunity to raise capital for
the above-mentioned purposes on attractive terms, thereby promoting FPC's
ability to create further value to all shareholders.
Through the issue, the number of class B shares in FPC increases by 2,500,000
from 52,961,135 to 55,461,135 and the share capital increases by SEK 500,000
from SEK 10,832,226 to SEK 11,332,226. The new issue results in an equity
dilution of 4.6 percent after completed issue.
Johan Carlström, CEO of FPC, comments
"We are pleased to once again have attracted interest from international
institutional investors and welcome them as new shareholders. To have a strong
financial position is important as we expect significant ramp up in order
volumes for this year and the years to come."
Placing Agent and legal advisor
Carnegie Investment Bank acted as placing agent to FPC and Wistrand Advokatbyrå
acted as legal advisor to FPC.
The above information has been made public in accordance with the Securities
Market Act. The information was submitted for publication at 08.00 (CET) on 23
For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 31 60 78 20,
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.
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
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