Fingerprint Cards AGM Sees Re-election of Board Members, Share and Dividend Decisions

“The developments arrive after Fingerprint Cards’ publication of its Q1 results earlier this month, in which the company reported improvements in its revenues and net result despite ongoing challenges in the mobile biometrics market.”

Fingerprint Cards held its Annual General Meeting yesterday, and has disclosed its important developments.

Concerning stockholders, it was resolved at the meeting that no dividend will be paid. It was also resolved that the Board is authorized to repurchase Class B shares up until the next AGM, so long as Fingerprint Cards’ holdings don’t exceed 10 percent of the total outstanding shares; and the Board was authorized to transfer Class B shares, deviating from shareholders’ preferential rights, and to resolve on new issues of Class B shares.

Speaking of the Fingerprint Cards Board of Directors, the AGM saw the re-election of Ted Elvhage, Urban Fagerstedt, Alexander Kotsinas, Tomas Mikaelsson, Dimitrij Titov, Juan Vallejo. Johan Carlström, who led the company as CEO from 2009 to 2015, was re-elected as Chairman of the Board, while Sofia Bertling became the Board’s new member.

The developments arrive after Fingerprint Cards’ publication of its Q1 results earlier this month, in which the company reported improvements in its revenues and net result despite ongoing challenges in the mobile biometrics market. Going forward, the company is aiming to maintain its leading position in this area while also expanding to new applications of its biometric technology, with shareholders evidently confident in the current leadership.

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May 23, 2019 – by Alex Perala