Fingerprint Cards AB (publ) announces final terms for the fully guaranteed rights issue -August 16, 2023 at 01:01 pm| MarketScreener

2023-08-18 05:33:23

Fingerprint Cards AB (publ) announces final terms for the fully guaranteed rights issue -August 16, 2023 at 01:01 pm | MarketScreener

Fingerprint Cards AB (publ) announces final terms for the fully guaranteed rights issue -August 16, 2023 at 01:01 pm | MarketScreener

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Summary:

• Current holders of A-shares in Fingerprints as of the record date 24 August 2023 will be allotted one (1) subscription right for each existing A-share held on the record date, whereby eleven (11) subscription rights entitles to subscription of four (4) A-shares, i.e. a subscription ratio of 11:4. In addition, current holders of B-shares in Fingerprints as of the record date 24 August 2023 will be allotted one (1) subscription right for each existing B-share held on the record date, whereby eleven (11) subscription rights entitles to subscription of four (4) B-shares, i.e. a subscription ratio of 11:4.
• A total of not more than 2,863,636 A-shares and not more than 151,497,352 B-shares will be issued, entailing an increase of the Company’s share capital by not more than SEK 6,721,264.
• The subscription price is SEK 1.2 per new share, corresponding to total issue proceeds of not more than approximately MSEK 185.2 before deduction of transaction costs related to the Rights Issue.
• The subscription price of SEK 1.2 per share corresponds to a discount of approximately 28 percent compared to the theoretical price after separation of subscription rights, based on the closing share price of Fingerprints’ B-share on Nasdaq Stockholm on 16 August 2023.
• The record date for the Rights Issue is 24 August 2023 and the subscription period runs from and including 28 August 2023 up to and including 11 September 2023.
• The last day of trading in B-shares including the right to participate in the Rights Issue is 22 August 2023.
• The Rights Issue is subject to the approval by the EGM to be held on 18 August 2023.
• Certain of the Company’s shareholders (including senior executives and board members) have undertaken to subscribe for new B-shares for a total amount of approximately MSEK 1.4, corresponding to approximately 0.8 percent of the Fully Guaranteed Rights Issue. In addition, certain external investors and an existing shareholder have entered into guarantee commitments corresponding to 100 percent of the Fully Guaranteed Rights Issue. The Fully Guaranteed Rights Issue is thus fully covered by subscription undertakings and guarantee commitments.

Terms for the Rights Issue

Timetable for the Rights Issue

Prospectus

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A prospectus relating to the Rights Issue is intended to be made available on 23 August 2023 on Fingerprints’ website, www.fingerprints.com/capital-raise-2023 and on Carnegie’s website, www.carnegie.se.

Advisers

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Carnegie Investment Bank AB (publ) acts as Sole Global Coordinator and Bookrunner. Gernandt & Danielsson Advokatbyrå KB is legal adviser to the Company.

About Fingerprints

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Fingerprint Cards AB (Fingerprints) – the world’s leading biometrics company, with its roots in Sweden. We believe in a secure and seamless universe, where you are the key to everything. Our solutions are found in hundreds of millions of devices and applications, and are used billions of times every day, providing safe and convenient identification and authentication with a human touch. For more information visit our website, read our blog, and follow us on Twitter. Fingerprints is listed on Nasdaq Stockholm (FING B).

For information, please contact:
Ted Hansson, CEO
Per Sundqvist, CFO
Investor Relations: +46(0)10-172 00 10, +46(0)10-172 00 10, investrel@fingerprints.com
Press: +46(0)10-172 00 20, +46(0)10-172 00 20, press@fingerprints.com

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This is the type of information that Fingerprint Cards AB (publ) is obligated to disclose pursuant to the EU’s Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 16 August 2023 at 7:00 pm CEST.

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