Change in Tecnotree Corporation’s holding of treasury shares

Tecnotree Corporation Stock Exchange Release 31 August 2023 at 13:30 EEST

The Board of Directors of Tecnotree Plc has on 30 August 2023 decided on a directed share issue for the purpose of reward payment of the incentive and commitment program RSUP 2021-2023.

In the share issue, a total of 1,115,302 Tecnotree shares have on 31 August 2023 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 5,779,751 treasury shares.

Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357

About Tecnotree
Tecnotree is a 5G-ready digital Business Support System (BSS) player with AI/ML capabilities and multi-cloud extensibility. It has over 40 years of deep domain expertise and it is amongst the first few companies to attain Platinum Badge in the world for Open API standards by TM Forum. It’s agile and open-source Digital BSS Stack comprises of the full range (order-to-cash) of business processes and subscription management for telecommunication players and other digital services providers, creating opportunities beyond connectivity. Tecnotree also provides a Fintech solution and a B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, heath, education, OTT and other vertical ecosystems. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.