TECHNOPOLIS PLC STOCK EXCHANGE RELEASE February 6, 2019 at 4:30 p.m. EET
Technopolis Plc Applies for Delisting of Its Shares
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The Board of Directors of Technopolis Plc (“Technopolis”) has resolved to apply for the termination of trading in the shares of Technopolis and the delisting of the shares from the official list of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”).
Kildare Nordic Acquisitions S.à r.l. (“Kildare”) owns more than nine-tenths (9/10) of all the shares and votes in Technopolis and has initiated redemption proceedings in accordance with Chapter 18 of the Finnish Companies Act in order to redeem all the remaining Technopolis shares held by the minority shareholders. Provided that the arbitral tribunal appointed for the redemption proceedings confirms that Kildare’s redemption right is clear, Kildare is entitled to gain title to all the shares in Technopolis by posting a security approved by the arbitral tribunal for the payment of the redemption price.
The application for the termination of trading and the delisting of the Technopolis shares will be submitted to the Listing Committee of Nasdaq Helsinki today. In the application, Technopolis will request that the delisting of its shares would take place as soon as possible upon Kildare having gained title to all the shares in Technopolis in the redemption proceedings.
Technopolis Plc
Further information:
Outi Raekivi
Chief Legal Officer
tel. +358 50 303 9393
Technopolis is a shared workspace expert. We provide efficient 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 seven countries within the Nordic and Baltic Sea region. Technopolis Plc (TPS1V) is listed on Nasdaq Helsinki.