![]() ![]() Upon completion, the Company’s shareholders will receive as demerger consideration one (1) share in F-Secure for each share they hold in the Company. The transaction will be implemented through a partial demerger of the Company, in which shares in the newly established F-Secure will be delivered to the Company’s shareholders.In the view of the Board of Directors, the Demerger has, among other things, potential for shareholder value creation for both companies and it would enable them to better serve and meet the specific needs of their respective customers and partners.The existing Company will retain its Corporate Security business, which is planned to be renamed WithSecure Corporation. The Board of Directors has completed a review and evaluation of strategic options, resulting in the decision to pursue a separation of the Company’s Consumer Security business into a new independent company to be named F-Secure Corporation. ![]() In connection with the Demerger, the Company will retain its Corporate Security business, which is planned to be renamed and launched by the end of March as WithSecure Corporation (“ WithSecure”). (“ Nasdaq Helsinki”) on Jor as soon as possible thereafter. The Demerger is expected to become effective as of June 30, 2022, and the trading in F-Secure’s shares is expected to commence on the official list of Nasdaq Helsinki Ltd. It is planned that the Consumer Security business will be transferred into a new independent company to be named F-Secure Corporation (“ F-Secure”) and to be established in connection with the demerger (the “ Demerger”). The Board of Directors of F-Secure Corporation (the “ Company”) has decided to pursue the separation of the Company’s Consumer Security business through a partial demerger. NOT FOR DISCLOSURE OR DISTRIBUTION IN OR INTO THE UNITED STATES, OR IN ANY OTHER JURISDICTION WHERE DISCLOSURE OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. F-Secure Corporation, Insider Information, February 17, 2022, at 08.00 am EETį-Secure Corporation’s Board of Directors has decided to pursue towards the separation of the company’s Consumer Security business into a new listed company and has approved a demerger plan Rather, we recognize our unique ability to offer organizations all over the world a European partner for their cybersecurity needs.” Want to contact the author directly about this story? Have ideas for a follow-up article? Email Edward Gately or connect with him on LinkedIn. “And we don’t see our European headquarters, roots and operations as limitations. “Like any European company, we value privacy, responsibility and sustainability,” he said. He envisions WithSecure assuming a unique, European role in the global cybersecurity industry. ![]() WithSecure’s portfolio consists of cloud-native and intelligent endpoint protection, cloud content protection for Salesforce, managed detection and response ( MDR) and a range of cybersecurity consulting services. Instead of piling on products and solutions on decision makers who feel trapped by threats they may not understand, we collaborate with our partners and customers to produce security outcomes that deliver undeniable and measurable results.” “It replaces negativity and fear with a fresh approach that enables businesses to make security an asset, not a liability. “Outcome-based security rejects the traditional mentality, where cybersecurity is all about saying no,” he said. WithSecure focuses on creating measurable security outcomes for partners and customers, Neville said. Starting with a fresh brand, messaging and approach helps increase partners’ business, Neville said. “Also, we have included our partners in the brand development and tested our messaging, visual ID and even new name along the way to make sure the brand hits the mark.” “For many partners, the pure focus on the corporate security segment is a huge advantage as it means focus in strategy and business model, product road maps, etc.,” he said. Quite a few partners were expecting F-Secure to split so that both businesses can grow faster, Neville said. As a separate company, WithSecure is able to allocate investment to fit these growth ambitions so that we will be able to accelerate the speed of execution and increase competitiveness.” “WithSecure’s strategy is clearly set to growth. “With the demerger, both of our businesses will be able to better focus on the needs of their respective customers and partners and, in doing so, serve them better,” he said. ![]()
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