TECHNOPOLIS PLC STOCK EXCHANGE RELEASE 17 May 2010 at 9.30 a.m.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR IN
ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
TECHNOPOLIS PLC CONTEMPLATES SHARE ISSUE DIRECTED TO INSTITUTIONAL INVESTORS;
RECEIPT OF SUBSCRIPTION UNDERTAKINGS WILL COMMENCE ON 17 MAY 2010
The Board of Directors of Technopolis Plc (the “Company”) has decided to
com-mence receiving subscription undertakings related to a directed share issue
con-templated by the Company. In the share issue, the Company's shares will be
of-fered to a limited number of Finnish and international institutional
investors in deviation from the shareholders' pre-emptive subscription rights.
The maximum number of new shares to be offered for subscription in the share
issue is 5,700,000 shares. The shares to be offered correspond to approximately
9.9 per cent of all the Company's shares and voting rights immediately prior to
the share issue. The share issue is intended to be implemented on the basis of
the authorization granted to the Company's Board of Directors on 26 March 2009
by the Company's Annual General Meeting of Shareholders.
There are weighty financial reasons for the share issue since the purpose of
the issue is to strengthen the Company's capital structure and finance decided
growth projects and support the Company's growth.
The share issue will be carried out by way of an accelerated book-building
process where subscription undertakings for the new shares may be made by
insti-tutional investors. The book-building will commence today on 17 May 2010
at 10 a.m. (Finnish time) and end no later than on 19 May 2010 at 3 p.m.
(Finnish time), after which the Board of Directors of the Company will make the
final decision on the implementation of the share issue as well as on the
number and price of the shares to be offered. In the event of oversubscription,
the share issue may be discontinued not earlier than on 18 May 2010 at 3 p.m.
The Company's major shareholders Varma, Ilmarinen and BNP Paribas have given
their advance commitment to offer to subscribe, subject to customary terms and
conditions to a book-building process, more than 50 per cent of the shares
of-fered in the share issue.
The new shares will entitle their holders to shareholder rights, including the
right to receive full dividends declared by the Company, if any, after the
shares have been registered with the Trade Register and recorded in the
Compa-ny's shareholders' register on or about 24 May 2010. Trading in the new
shares together with the other shares in the Company will commence on the
Official List of NASDAQ OMX Helsinki Ltd on or about 25 May 2010.
The sole manager of the share issue is Evli Bank Plc, Corporate Finance.
Oulu, 17 May 2010
Board of Directors
For further information, please contact:
CEO Keith Silverang, phone + 358 40 566 7785
NASDAQ OMX Helsinki Ltd
Main news media
THESE MATERIALS ARE NOT AN OFFER FOR SALE OF THE SHARES IN THE UNITED STATES OR
IN ANY OTHER JURISDICTION. THE SHARES MAY NOT BE SOLD IN THE UNITED STATES
WITH-OUT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED. TECHNOPOLIS PLC DOES NOT INTEND TO REGISTER
ANY PORTION OF SUCH OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC
OFFERING OF SHARES IN THE UNITED STATES.