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Fingerprint Card — Major Shareholding Notification 2010
Sep 13, 2010
3048_rns_2010-09-13_5e77722f-1758-4b86-a3ec-4d7f213c6237.pdf
Major Shareholding Notification
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Press release
PRESS RELEASE
Gothenburg, September 13, 2010
Solrosen Consortium acquires all Class A shares in Fingerprint Cards AB (FPC) from Transferator AB
On September 10, the Solrosen Consortium acquired all 1.2 million Class A shares in Fingerprint Cards AB (Publ.) (Nasdaq OMX: FING) from the private equity company Transferator AB (AktieTorget: TRAN) . The holding of Class A shares corresponds to 23.77% of the votes and 3.02% of the capital in FPC.
The Consortium comprises:
- Johan Carlström, CEO FPC
- Urban Fagerstedt, VP R&D Huawei Sweden and Board member of FPC
- Hans-Göran Stennert, IKEA: former Chairman and Board member for 14 years, Chairman of Eolus Vind AB.
- Mats Svensson, Self-employed, investor and professional Board member
- Lars Söderfjell, Head of Equity Strategy at Ålandsbanken
Mats Svensson, spokesman for the Consortium, comments: "We have a vision in which Fingerprint Cards will lead development toward a world in which pin codes and keys are things of the past. Biometrics is a global, rapidly expanding industry and FPC is well positioned with its strong product portfolio and patents, as confirmed by the award the company received from Frost & Sullivan in August. Our investment in FPC represents a long-term commitment and we believe that the company has considerable global potential, primarily in Asia."
Jakob Johansson, President of Transferator, comments: "Over the past year, Transferator has witnessed an amazing turnaround for FPC and this transaction has enabled us to realize considerable value growth on our investment. We are now very pleased to pass the baton of main ownership responsibility on to a consortium with such extensive international experience and expertise."
Johan Carlström, CEO of FPC, comments: "I am personally extremely pleased to have played a part in the formation of a fantastic consortium comprising such a high degree of know-how, competence and international experience. I believe we have a stable platform on which to build the company and shareholder value over the coming three to five years. I would like to take this opportunity to thank Transferator for its support and efforts during a period when the future did not look as bright for FPC as it does now."
For further information, contact:
Johan Carlström, CEO Fingerprint Cards AB (publ), +46 31 60 78 20, [email protected]. Fingerprint Cards AB (publ), Box 2412, SE-403 16 Gothenburg, Sweden, www.fingerprints.com.
Fingerprint Cards AB (publ) (FPC) develops biometric technology, which, through analysis and matching of an individual's unique fingerprint, verifies the person's identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or combined. The competitive advantages offered by 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 telephones, which impose extremely rigorous demands on these characteristics. FPC's technology can also be used in IT and Internet products for security and access control. Fingerprint Cards AB (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden.
Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). The information was issued for publication on September 13, 2010 at 8:00 a.m.