Brief: Fingerprint Cards Resolves On Fully Guaranteed SEK 300 Mln Rights Issue

Fingerprint Cards AB

10/10/2022 07:13

Oct 10 (Reuters) - Fingerprint Cards AB  FINGb.ST :
    * RESOLVES ON A FULLY GUARANTEED SEK 300 MILLION RIGHTS
ISSUE AND
A NEW SET-OFF ISSUE OF B-SHARES
    * BOARD OF DIRECTORS HAS RESOLVED ON RIGHTS ISSUE COMPRISING
A
FULLY GUARANTEED SEK 300 MILLION RIGHTS ISSUE OF B-UNITS
CONSISTING OF NEW B-SHARES AND WARRANTS
    * BOD HAS ALSO RESOLVED ON  ABOUT SEK 6 MILLION RIGHTS ISSUE
OF
A-UNITS, CONSISTING OF NEW A-SHARES AND WARRANTS
    * POTENTIAL PROCEEDS OF APPROXIMATELY SEK 6 MILLION FROM
ISSUE OF
A-UNITS WILL BE IN ADDITION TO PROCEEDS OF SEK 300 MILLION IN
FULLY GUARANTEED RIGHTS ISSUE
    * ISSUE OF A-UNITS IS PRIMARILY CARRIED OUT IN ORDER TO
OFFER ALL
SHAREHOLDERS OPTION NOT TO BE DILUTED BY SUBSCRIBING FOR THEIR
PRO RATA SHARE OF A-UNITS AND B-UNITS
    * CERTAIN OF CO'S SHAREHOLDERS, INVESTORS IN CO'S
OUTSTANDING
PERPETUAL HYBRID EQUITY INSTRUMENTS WITH AGGREGATE NOMINAL
AMOUNT OF SEK 75 MILLION, HAVE UNDERTAKEN TO SUBSCRIBE FOR
B-UNITS AMOUNTING TO ABOUT SEK 27 MILLION IN TOTAL
    * CERTAIN EXTERNAL INVESTORS, HYBRID INVESTORS, EXISTING
SHAREHOLDERS HAVE ENTERED INTO UNDERWRITING COMMITMENTS OF ABOUT
SEK 273 MILLION IN TOTAL, CORRESPONDING TO ABOUT 91% OF FULLY
GUARANTEED RIGHTS ISSUE OF B-UNITS
    * HENCE, FULLY GUARANTEED RIGHTS ISSUE OF B-UNITS IS
COMPLETELY
COVERED BY SUBSCRIPTION UNDERTAKINGS AND UNDERWRITING
COMMITMENTS
    * RIGHTS ISSUE, SET-OFF ISSUE ARE SUBJECT TO APPROVAL BY EGM
IN
CO, WHICH IS INTENDED TO BE HELD ON 2 NOVEMBER 2022

Source text for Eikon:  ID:nGNE4tbMzr 
Further company coverage:  FINGb.ST 
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