Fingerprint Cards: Announces share buy-backs and date for share split

Research Note

2016-05-23

17:31

Fingerprint Cards today announced a date for the one-to-five share split resolved upon at the AGM May 4, 2016. The first day of trading in the share after the split will be Friday May 27, 2016. The AGM also resolved upon authorizing the Board to decide on share buy-backs. Whereas the split was expected and in theory should not affect the share price, the share buy-back was not fully discounted in the market. We reached out to the company to get some additional comments.

JW

Joel Westerström

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