TECHNOPOLIS PLC STOCK EXCHANGE RELEASE April 25, 2018 at 4:00 p.m. EEST
Technopolis Plc's Directed Share Issue without Consideration Based on Performance Share Plan 2013–2017
The Board of Directors of Technopolis Plc (the "Company") (Nasdaq Helsinki: TPS1V) has on April 25, 2018 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 (the "Share Issue").
In the Share Issue 24,930 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. A total of five 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. 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 March 20, 2018. 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 April 30, 2018. After the shares are delivered to the recipients, the Company will hold a total of 1,878.443 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 is a shared workspace expert. We provide and flexible offices, coworking spaces and everything that goes with them. Our services run from designing the workspace to reception, meeting solutions, restaurants and cleaning. We are obsessed with customer satisfaction and value creation. Our 17 campuses host 1,600 companies with 50,000 employees in six countries within the Nordic and Baltic Sea region. Technopolis Plc (TPS1V) is listed on Nasdaq Helsinki.