FPC increases the number of Class B shares by 380K

March 2, 2016 - 

Fingerprint Cards (FPC) announced that an exercise of warrants registered last month has resulted in the increase of FPC’s share capital.

FPC is increasing its share capital by SEK 76,000 (US$8,800), taking it to SEK 12,723,827 (US$1.47 million) at the end of February 2016.

The number of Class B shares has increased by 380,000, resulting in 62,419,135 shares.

Meanwhile, the number of Class A shares remains unchanged at 1.2 million.

The total number of shares amounts to 63,619,135 shares, which corresponds to 74,419,135 voting rights.

The exercise price for the shares was SEK 52.35 (US$452,114).

Fingerprint Cards (FPC) recently partnered with Zwipe to take a leading role in the biometric smartcards market for the payments industry through joint marketing activities around events as well as launch smartcard related products and provide industry thought leadership.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.