Change in Tecnotree Corporation’s holding of treasury shares

Tecnotree Corporation Stock Exchange Release 17 March 2022 at 14:00 EET

The Board of Directors of Tecnotree Plc has on 24 February 2022 decided on a directed share issue for the purpose of reward payment of the incentive and commitment programs RSUP 2020-2022 and RSUP 2021-2023.

In the share issue, a total of 3,020,835 Tecnotree shares have on 17 March 2022 been issued and conveyed without consideration to the key persons participating in the plans.

The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on 15 May 2019.

Following the transfers, Tecnotree Plc holds 12,912,749 treasury shares.

Tecnotree Corporation

FURTHER INFORMATION
Priyesh Ranjan. CFO. tel. +971 50 955 1188

About Tecnotree
Tecnotree is the only full stack digital business management solution provider for digital service providers, with over 40 years of deep domain knowledge, proven delivery and transformation capability across the globe. Our open source technology based agile products and solutions comprise the full range (order-to-cash) of business process and subscription management for telecom and other digital service providers. Tecnotree products and platforms service over 800 million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.