TECHNOPOLIS PLC STOCK EXCHANGE RELEASE April 25, 2017 at 12:30 p.m.
Technopolis Plc's Directed Share Issue without Consideration Based on Performance Share Plan 2013–2017 and Matching Share Plan 2016
The Board of Directors of Technopolis Plc (the "Company") (Nasdaq Helsinki: TPS1V) has on 25 April 2017 decided on a directed share issue without consideration to the key personnel of the Company for the payment of share rewards in accordance with the Performance Share Plan 2013–2017 and the Matching Share Plan 2016 (the "Share Issue").
In the Share Issue 59,390 treasury shares are issued without consideration to the key personnel entitled to share rewards in accordance with the terms and conditions of the Performance Share Plan 2013–2017 and the Matching Share Plan 2016. A total of 10 persons belonging to the management and personnel of the Company will receive reward payments in the Share Issue. In addition, persons who will receive reward payments, will be paid a cash proportion in accordance with the terms and conditions of the Performance Share Plan 2013–2017 and the Matching Share Plan 2016. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to a key person.
The Share Issue decision is based on the authorization granted to the Board of Directors by the Company's General Meeting of Shareholders held on 23 March 2017. The purpose of the Share Issue is to support the implementation of the strategy of the Company, to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company and to commit the key personnel to the Company as well as to motivate the key personnel to increase their long-term shareholding in the Company. Therefore, there is an especially weighty financial reason for the Share Issue.
The shares are expected to be delivered to the recipients on or about 28 April 2017. After the shares are delivered to the recipients, the Company will hold a total of 1,899,355 treasury shares.
Technopolis Plc
Board of Directors
Additional information:
Keith Silverang
CEO
tel. +358 40 566 7785
Juha Laaksonen
Chairman of the Board
tel. +358 50 452 4519
Technopolis provides the best addresses for success in six 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 50,000 employees in Finland, Sweden, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.