Transfer of the company’s own shares
Stock Exchange Release
25 March, 2013 6.30 pm EET
The Board of Directors of Tecnotree Corporation has approved on the 26th of October 2011 the establishment of a new share-based incentive plan for the Group key employees. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company, to commit the key employees to the Company, and to offer them a competitive reward plan.
In order to fulfill the share allocations from 2012 in accordance with the terms of the share-based incentive plan the Board of Directors of Tecnotree resolved on 1 March 2013 to transfer, free of charge, altogether 70,096 company’s own shares to three Group key employees belonging to the incentive plan.
The Board resolved on 25 March 2013 to transfer, free of charge, altogether 31,862 company’s own shares to two additional Group key employees belonging to the incentive plan. These shares are transferred at the latest 15 May 2013.
After the transfer of the shares the company will hold 32,842 of its own shares.
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NASDAQ OMX Helsinki Ltd
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With over 1100 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com