TECHNOPOLIS PLC STOCK EXCHANGE RELEASE September 1, 2015 at 7.00 p.m.
Technopolis to Launch Share Buyback Program
Technopolis Plc’s Board of Directors has decided to launch a share buyback program. The share buyback is based on the authorization granted to the Board of Directors at the Annual General Meeting of Technopolis Plc on March 27, 2015. Pursuant to this authorization, a maximum of 10,650,000 shares may be acquired. The shares can be repurchased at a price determined by public trading on the date of the repurchase or otherwise at a price determined on the open market. According to the Board of Directors' decision, the share buyback will commence no earlier than September 2, 2015. The authorization is effective until the end of the next Annual General Meeting, however, no longer than 30 June 2016.
Shares purchased in this way can be used as consideration in possible acquisitions or in other arrangements that are part of the company's business, to finance investments, or be retained, conveyed, or cancelled by the company.
On September 1, 2015 Technopolis Plc held 723,164 of its own shares.
Technopolis Plc
Board of Directors
For further information:
Keith Silverang
CEO
Tel. +358 40 566 7785
Technopolis provides the best addresses for companies to operate and succeed in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.