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2012-04-27 07:30:05 CEST 2012-04-27 07:30:13 CEST REGULATED INFORMATION Technopolis - Company AnnouncementTechnopolis Plc Directed Share Issue without Consideration Based on Performance Share PlanTECHNOPOLIS PLC STOCK EXCHANGE RELEASE 27 April, 2012 8.30 a.m. Technopolis Plc Directed Share Issue without Consideration Based on Performance Share Plan The Board of Directors of Technopolis Plc (the “Company”) has on 26 April 2012 decided on a directed share issue without consideration as reward payments to key employees in accordance with the Company's Performance Share Plan 2010-2012 (the “Share Issue”). In the Share Issue 81,347 new shares will be issued without consideration to key persons participating in the Performance Share Plan according to the terms and conditions of the plan. A total of 18 people belonging to the management and personnel of the Company are in the plan. The shares issued are expected to be registered with the Trade Register and registered in the book-entry accounts of the recipients on 30 April 2012 and to start trading on the NASDAQ OMX Helsinki on 2 May 2012. The Annual General Meeting of Shareholders of the Company decided on the Performance Share Plan 2010-2012 on 26 March 2009. The purpose of the plan is to combine the interests of shareholders and key personnel to maximize the value of the Company and to commit the key personnel to the Company and provide a competitive incentive scheme based on share ownership. There is thus an especially weighty financial reason for the Share Issue. The decision as to the conveyance of the company's own shares by way of a directed share issue without consideration is based on the authorization granted to the Board of Directors by the Company's Annual General Meeting of Shareholders held on 27 March 2012. Technopolis Plc Keith Silverang CEO Phone +358 40 566 7785 Distribution: NASDAQ OMX Helsinki Main news media www.technopolis.fi |
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