Subscription of 51,000,000 new shares by Luminos Sun Holding Limited based on warrants
Tecnotree Corporation
Stock Exchange Release
25 February 2019 at 3:00 pm (EET)
Tecnotree Corporation ("Tecnotree") informed by stock exchange release published on 25 January 2019 that Luminos Sun Holding Limited ("Luminos") had acquired from Fitzroy Investments Limited ("Fitzroy") a number of 50,000,000 warrants entitling, but not obligating, their holder to subscribe for 50,000,000 new shares in Tecnotree at a price per share of about 0,04 euros by 24 September 2019.
Luminos has acquired additional 1,000,000 warrants from Fitzroy and exercised all of its 51,000,000 warrants pursuant to the warrants terms for a total subscription price of 2,048,590 euros. As a result of the warrant exercise, the total number of shares in Tecnotree will increase by 51,000,000 new shares ("New Shares") to 226,183,468 shares.
The New Shares are of the same class as the existing shares in Tecnotree. The New Shares carry a right to dividend and other shareholder rights as from their registration with the Finnish Trade Register, which is estimated to take place by 8 March 2019.
The New Shares shall be issued as book-entries and recorded in the book-entry system maintained by Euroclear Finland Ltd after the registration of the New Shares with the Finnish Trade Register. The New Shares are estimated to be entered into the subscriber's book-entry account by 8 March 2019 first as interim shares representing the New Shares. The interim shares shall not be applied to be admitted to trading on NASDAQ Helsinki Ltd. The interim shares will be combined with Tecnotree's present class of shares (ISIN code FI0009010227, trading symbol TEM1V) and listed for trading on the main list of NASDAQ Helsinki Ltd together with the other shares of Tecnotree's present class of shares once Tecnotree has published a prospectus which is expected to take place by 15 March 2019.
MORE INFORMATION
Padma Ravichander, CEO, tel. +97 156 414 1420
About Tecnotree
Tecnotree Corporation (NASDAQ HELSINKI: TEM1V) is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life.