TECHNOPOLIS PLC STOCK EXCHANGE RELEASE December 7, 2018 at 10:00 a.m. EET
Notice of Repurchase of Notes Pursuant to a Change of Control Event
This notice is made in respect of the EUR 150 million senior unsecured fixed rate notes due 2020 (the “Notes”) issued by Technopolis Plc (“Technopolis”). Technopolis announced on October 16, 2018 that a “Change of Control Event” pursuant to the terms and conditions of the Notes had occurred, as a result of which noteholders could require the repurchase of the Notes they held as provided in the terms and conditions of the Notes.
The deadline for noteholders to require the repurchase of their Notes was November 16, 2018. By the deadline, Technopolis received valid notices concerning the repurchase of 11,182 Notes representing an aggregate nominal principal amount of EUR 11.182 million, which represents approximately 7.5 per cent of the aggregate nominal principal amount of all the Notes.
Technopolis will, on the repurchase date of January 16, 2019 (the “Prepayment Date”), in accordance with the terms of the Notes upon a Change of Control Event, prepay 101 per cent of the nominal amount of the Notes to be repurchased, together with the accrued and unpaid interest as of the Prepayment Date. Following the repurchase, Technopolis intends to cancel the repurchased Notes, after which the aggregate nominal principal amount of the outstanding Notes will be EUR 138,818,000.
As the Notes to be repurchased do not represent more than seventy-five (75) per cent of the aggregate nominal principal amount of the Notes, the right of Technopolis to repurchase all the remaining outstanding Notes pursuant to Condition 8.4.6 of the terms and conditions of the Notes is not applicable in connection with the repurchase.
Technopolis Plc
For more information:
Sami Laine, CFO
Tel: + 358 40 502 7083
sami.laine@technopolis.fi
Technopolis is a shared workspace expert. We provide 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 seven countries within the Nordic and Baltic Sea region. Technopolis Plc (TPS1V) is listed on Nasdaq Helsinki. www.technopolis.fi/en