Tecnotree is postponing the publishing of its financial statements
Stock exchange release
26 February 2015 at 3.20 pm EET
In its release concerning financial reporting in 2015 Tecnotree announced that it will publish its official financial statements for 2014 on Friday, 27 February 2015 and that the Annual General Meeting (AGM) is planned to be held on Wednesday, 25 March 2015. The Board of Directors of Tecnotree has decided to postpone the publishing of its financial statements. The financial statements will have to be published by 31 March 2015. In the company’s release for the financial report for 2014 published on 30 January 2015, it was stated that the value of the equity of the parent company was less than 50 % of the share capital on 31 December 2014. In connection with this, measures to put the company back on a healthy financial standing will be discussed in the shareholders’ meeting. The presentation of these matters in the financial statements will need to be ensured before publishing the official financial statements. This is a matter of clarifying these issues but the figures in the financial statements are not expected to be changed from those published on 30 January 2015. A notice for the AGM will be published after the publishing of the financial statements. It is possible that the planned time of the AGM will be postponed. The notice for the AGM will have to be published at least three weeks before the meeting.
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NASDAQ OMX Helsinki Ltd
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 monetise on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com