New shares of Tecnotree Plc registered with the trade register

TECNOTREE PLC STOCK EXCHANGE RELEASE March 11, 2020 at 10.00 am EET

A total of 12,500,000 new shares (the “New Shares”) issued in Tecnotree Plc's (the “Company”) has offered against payment to the CEO of the Company have been registered with the Trade Register on March 11, 2020.

The subscription price, EUR 125,000, will be recorded in full in the reserve of invested unrestricted equity.The subscribed new shares will carry out full shareholders rights as of the entry into the Trade Register.

Following the registration of the New Shares, the total number of the Company’s shares is 274,628,428 shares.

The New Shares will be admitted to trading together with the Company’s existing shares on the official list of Nasdaq Helsinki Ltd on or about March 12, 2020.

 

Further information:
Priyesh Ranjan, CFO, tel. +971 50 955 1188

ABOUT TECNOTREE

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 monetize service bundles, provide personalized user experiences and augment value throughout the customer lifecycle. With around 600 telecom experts, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V.