Correction: Inside information: Amendment to Tecnotree’s dividend proposal and proposal on reverse share split

Tecnotree Corporation Stock Exchange Release 22 March 2024 at 17:40 EET

There was an error regarding the maximum amount of the dividend in the inside information published on March 22, 2024 at 17:00 EET

According to the previous dividend proposal, the Board of Directors proposes to the Annual General Meeting that no dividend will be paid for the financial year 2023. According to the new proposal, the Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide, in its discretion, on the distribution of an aggregate maximum of EUR 350,000 as dividends from the financial year 2023.

Corrected information: 

According to the previous dividend proposal, the Board of Directors proposes to the Annual General Meeting that no dividend will be paid for the financial year 2023. According to the new proposal, the Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide, in its discretion, on the distribution of an aggregate maximum of EUR 170,000 as dividends from the financial year

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

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree is as No.1 on the TM Forum Open API Conformance table with 59 Open APIs, and this is a result of our pursuit towards delivering excellence and consistently providing differentiated experiences and services to the CSPs and DSPs. Our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V).

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