Fingerprint Cards AB Announces Extraordinary General Meeting Amid Reverse Share Split Revisions

Gothenburg, Sweden – July 16, 2025 – Fingerprint Cards AB, a leading Swedish information technology company specializing in biometric systems, has announced an Extraordinary General Meeting (EGM) to address recent developments concerning its reverse share split. The company, listed on the Swedish Stock Exchange, is navigating through a series of technical challenges that have necessitated a reevaluation of its share restructuring plans.

Initially, Fingerprint Cards AB aimed to execute a reverse share split with a ratio of 1:2,000, intending to reduce the number of outstanding shares from approximately 15.2 billion to around 7.6 million. This strategic move was designed to streamline the company’s share structure while maintaining the proportional rights of each share class. However, unforeseen technical issues have prompted a revision of this plan.

The primary obstacle encountered was an inaccurate estimation of the number of shares required to round up each shareholder’s holdings. The actual number needed was significantly higher than initially projected, which would have imposed substantial costs on the company to provide the necessary rounding shares. In response, the Board of Directors has proposed an alternative method, termed the “rounding down method,” to address these challenges.

Under this revised approach, any excess B-shares that do not correspond to a whole number of new shares post-split will be transferred to the company and subsequently sold. Shareholders affected by this adjustment will receive financial compensation, ensuring that their rights and interests are preserved.

The EGM will serve as a platform for shareholders to discuss and approve the proposed changes. The company aims to implement the revised reverse share split during the third quarter of 2025, contingent on shareholder approval.

Despite these challenges, Fingerprint Cards AB remains committed to its mission of developing and marketing innovative biometric solutions across various sectors, including smartphones, smartcards, PCs, automotive, and healthcare. The company continues to serve a global market, with operations spanning Sweden, Asia, South and North America, Europe, the Middle East, and Africa.

As Fingerprint Cards AB navigates this pivotal moment, the company’s leadership is focused on maintaining transparency and ensuring that all stakeholders are informed and engaged throughout the process. The outcome of the EGM will be a critical step in stabilizing the company’s share structure and positioning it for future growth.

For further information, shareholders and interested parties are encouraged to visit the company’s website at www.fingerprints.com or contact the newsroom at newsroom@finwire.se .

Note: This article is based on the latest available information as of July 16, 2025, and is subject to change as new developments arise.