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Technopolis rakes in €124M from oversubscribed rights offering

TechnopolisPlc netted approximately €124.3 million from its completedrights offering.

The offering was oversubscribed by 66%, and the company saidthat 87,034,926 shares were subscribed for at €2.40 apiece.

A total of 51,520,356 shares were subscribed for in theprimary subscription rights offering, while a total of 35,514,570 shares weresubscribed for without subscription rights in the secondary subscription, ofwhich 761,674 share subscriptions were approved.

The total number of shares in the company will increase to158,793,662 shares, according to a statement.

Nordea Bank Finland Plc acted as the manager for the rightsoffering.