Tecnotree Corporation: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings (Padma Ravichander)
Tecnotree Corporation Stock Exchange Release 11 May 2023 at 20.00 EET
Tecnotree Corporation: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings (Padma Ravichander)
Tecnotree Corporation has on 11 May 2023 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of Padma Ravichander have increased above the level of 10% as a result of share transactions concluded on 11 May 2023.
Total position of Padma Ravichander according to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 10.18% | 0 | 10.18% | 318,918,606 |
| Position of previous notification | 8.61% | N/A | 8.61% | N/A |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
| Number of shares and voting rights | % of shares and voting rights | |||
| Class/type of shares ISIN code |
Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI0009010227 | 32,464,896 | 10.18% | ||
| SUBTOTAL | 32,464,896 | 10.18% | ||
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.