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Technopolis Oyj Announces Rights Issue


Monday, 4 Nov 2013 05:05am EST 

Technopolis Oyj announced that on November 4, 2013 the Board of Directors of the Company decided on an approximately EUR 100 million rights issue in accordance with the shareholders' pre-emptive subscription right (the Offering). The Board of Directors has resolved to issue a maximum of 30,362,402 new shares (the Shares) in the Offering so that the shareholders of the Company will have a pre-emptive right to subscribe for Shares in proportion to their earlier shareholding in the Company. The Shares to be issued in the Offering represent a maximum of approximately 40% of all the shares and voting rights in the Company prior to the Offering. The subscription price for the Shares is EUR 3.29 per Share. The subscription period begins on November 12, 2013 at 9:30 a.m. and ends on November 29, 2013 at 4:00 p.m (Eastern European time). The subscription price of the Shares will be recorded in its entirety in the Company’s invested unrestricted equity fund. A shareholder of the Company, who is registered in the shareholders’ register maintained by Euroclear Finland Ltd. on the record date of the Offering of November 7, 2013, will automatically receive one (1) subscription right in the form of a book-entry for each one (1) share owned on the record date. Five (5) subscription rights will entitle their holder to subscribe for two (2) Shares. 

Company Quote

4.19
-0.03 -0.71%
5:59am EDT