OSLO (Reuters) – Fingerprint Cards’ board chair Johan Carlstrom resigned from his post on Wednesday after being found guilty of illegal insider trading, the company said in a statement.
Carlstrom was sentenced to 18 months in prison for making four illegal trades in the company’s shares in 2013 and 2014, a Swedish court ruled earlier.
The share price of Fingerprint Cards fell 5.7% by 0945 GMT to trade at their lowest level since late 2018.
Carlstrom is the company’s biggest owner with a stake of 7% and controls more than a fifth of the company’s votes at shareholder meetings.
(Reporting by Terje Solsvik, editing by Gwladys Fouche and Stine Jacobsen)
