Resolutions of the Extraordinary General Meeting of Tecnotree
Stock Exchange Release
14 September 2017 at 4.15 p.m. EET
The Extraordinary General Meeting of Tecnotree Corporation was held today 14 September 2017 in Espoo.
The Extraordinary General Meeting authorized the Board of Directors in accordance with the proposal of the Board of Directors to decide to issue and/or convey a maximum of 900,000,000 new shares and/or the company’s own shares either against payment or for free.
New shares may be issued and the company’s own shares may be conveyed to the company’s shareholders in proportion to their current shareholdings in the company or in deviation of the shareholders’ pre-emption right. The authorization is proposed to be used to secure the continuity of the company’s operations and to strengthen the company’s capital structure and it can be also used as part of the company’s incentive schemes in the extent and manner decided by the Board of Directors.
The Board of Directors may also decide on a free share issue to the company itself. The number of shares issued to the company shall be a maximum of 1/10 of all the company’s shares.
The Board of Directors is authorized, within the limits of the above described authorization, to grant also special rights referred to in chapter 10, section 1 of the Companies Act, which carry the right to receive, against payment, new shares of the company or the company’s own shares held by the company in such a manner that the subscription price of the shares is paid in cash or by using the subscriber’s receivable to set off the subscription price (convertible loan).
The subscription price of the new shares and the consideration payable for the company’s own shares may be recorded partially or fully in the reserve for invested non-restricted equity or in the share capital to the extent and in the manner decided by the Board of Directors.
The Board of Directors decides on the other terms and conditions related to the share issues and granting of the special rights. The authorization shall be valid no longer than five (5) years from the decision of the Extraordinary General Meeting. The authorization shall not revoke the previous authorizations.
The Board of Directors
CEO Padma Ravichander, telephone +358 400 156 371
CFO Kirsti Parvi, telephone +358 50 517 4569
Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life.
Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.