TECHNOPOLIS PLC STOCK EXCHANGE RELEASE April 2, 2019 at 11:00 a.m. EEST
Technopolis to Redeem Its Outstanding Notes Due 2020
On May 29, 2019 (the “Call Date”), Technopolis Plc will redeem its outstanding senior unsecured fixed rate notes (ISIN: FI4000157078) due 2020 (the “Notes”) in full, in accordance with the terms and conditions of the Notes (the “Redemption”). The outstanding amount of the Notes is EUR 138.818 million and annual fixed interest rate is 3.750 percent. The Notes will be redeemed at a redemption price of 100.9375 percent. In addition, any accrued and unpaid interest until the Call Date will be paid. The Notes are listed on Nasdaq Helsinki.
The notice of the Redemption to the noteholders’ agent and the holders of the Notes is attached hereto. It will also be delivered to the holders of the Notes by mail in accordance with the terms and conditions of the Notes.
The holders of the Notes are not required to take any action in respect of the Redemption.
Technopolis Plc
For further information, please contact:
Sami Laine
CFO
Phone: +358 40 502 7083
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. www.technopolis.fi/en
Annex 1
From: Technopolis Plc (the “Issuer”)
To: Noteholders; and Nordic Trustee Oy in its capacity as the Agent
Dated: April 2, 2019
Notice to Noteholders and the Agent – Voluntary Total Redemption in respect of senior unsecured fixed rate notes due 2020
Dear Sirs/Madams,
This letter (this “Notice”) is addressed to the Noteholders and Nordic Trustee Oy in its capacity as the Agent under the terms and conditions of EUR 150,000,000 senior unsecured fixed rate notes due 2020 (ISIN: FI4000157078).
Save as otherwise defined in this Notice, words and expressions defined in the Terms and Conditions shall have the same meanings when used in this Notice and references to a “Clause” or “Clauses” in this Notice are references to that clause or those clauses in the Terms and Conditions.
1. Redemption of the Notes
We refer to Clause 8.3 (Voluntary total redemption (call option)) and hereby notify the Noteholders and the Agent that we will redeem the Notes in full on May 29, 2019 at an amount per Note equal to 100 percent of the Nominal Amount plus 25 percent of the Interest Rate (calculated on the Nominal Amount for one year), together with accrued but unpaid Interest.
2. Other provisions
The provisions of Clauses 23.1 and 23.2 shall be deemed to be incorporated in this Notice mutatis mutandis as if fully set forth herein, save that references to “these Terms and Conditions” shall be construed as references to “this Notice”.
Yours faithfully,
For and on behalf of
Technopolis Plc
as the Issuer
Keith Silverang
CEO