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 APPLICABLE LAW. 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. (Finnish time). 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 TECHNOPOLIS PLC Board of Directors For further information, please contact: CEO Keith Silverang, phone + 358 40 566 7785 Distribution: NASDAQ OMX Helsinki Ltd Main news media www.technopolis.fi 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.
TECHNOPOLIS PLC CONTEMPLATES SHARE ISSUE DIRECTED TO INSTITUTIONAL INVESTORS; RECEIPT OF SUBSCRIPTION UNDERTAKINGS WILL COMMENCE ON 17 MAY 2010
| Source: Technopolis