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2007-06-21 08:45:00 CEST 2007-06-21 08:45:00 CEST REGULATED INFORMATION Technopolis - Company AnnouncementTECHNOPOLIS SIGNS PRELIMINARY AGREEMENT ON ACQUISITION OF INNOPOLI IITechnopolis Plc, which specializes in operating environments for high tech companies, has signed a preliminary agreement with the City of Espoo, the Etera Mutual Pension Insurance Company, and Sitra (the Finnish Innovation Fund) on the acquisition of the entire stock of Kiinteistö Oy Innopoli II (Innopoli II real estate company). Kiinteistö Oy Innopoli II comprises a building of 20,625 square meters and 4.1 hectares of land owned by the company and located in the Otaniemi district of the City of Espoo. Completed in 2002, the property houses some 90 high tech companies. According to the preliminary agreement, the transaction price of EUR 54.2 million will be revised on the basis of Kiinteistö Oy Innopoli II's net debt position. About 20 % of the price will be paid in new shares of Technopolis Plc and the rest in cash. The final deed of sale is intended to be signed in August 2007. Closure of the transaction will require that no new significant information that would prevent the transaction from taking place is revealed in either the due diligence examinations carried out and ordered by Technopolis Plc or otherwise and that the final deed of sale is signed by August 31, 2007. Oulu, June 21, 2007 TECHNOPOLIS PLC Pertti Huuskonen President and CEO For further information, please contact: Pertti Huuskonen, tel. +358 (0)400 680 816 or +358 (0)8 551 3213 Distribution: Helsinki Stock Exchange Main news media www.technopolis.fi |
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