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WithSecure’s Board of Directors approved on February 17, 2022 a Demerger plan concerning a partial demerger.

The aim of the demerger is to separate WithSecure’s consumer security business into an independent group, whose parent company will be the new company to be established F-Secure Oyj. After the demerger, WithSecure focuses on its corporate security business, which includes a wide range of security products developed and sold directly or indirectly to other end customers than consumers.

The Demerger has been registered with the Trade Register maintained by the Finnish Patent and Registration Office on the effective date on 30 June 2022. In connection with the completion of the Demerger, Nasdaq Helsinki Ltd has approved the listing application concerning the shares of F-Secure. Trading in 174,526,944 shares of F-Secure, admitted to trading on the official list of Nasdaq Helsinki under the trading code FSECURE, will begin on 1 July 2022.

Strategic rationale

  • The purpose of the Demerger is to carry out the separation of WithSecure’s consumer security business

  • The demerger is expected to strengthen the conditions for creating shareholder value in both WithSecure and F-Secure

  • The demerger enables WithSecure and F-Secure to better serve and meet the specific needs of their respective customers and partners

  • Clarifies the strategic focus at both companies to capture the growth potential of consumer and corporate security markets

  • Accelerates the execution of strategy and increases competitiveness of both companies

  • Allows for an optimal capital allocation strategy

  • Clarifies the equity stories with different value creation profiles


Demerger plan published Feb. 17, 2022
Extraordinary General Meeting of WithSecure May 31, 2022
Planned Effective Date (provided that the conditions for the execution of the Demerger are fulfilled) June 30, 2022
The date on which WithSecure’s shares registered on a WithSecure’s sharehold-er’s book-entry account will entitle to Demerger Consideration (provided that the Effective Date is 30 June 2022) 30 June,
Demerger Consideration Shares registered in the book-entry accounts of the shareholders of WithSecure (provided that the Effective date is 30 June 2022) 1 July, 2022
Trading in the Demerger Consideration Shares and shares in F-Secure commences on the official list of Nasdaq Helsinki (provided that the Effective date is 30 June 2022) 1 July, 2022

F-Secure's Releases

WithSecure's Releases