Tecnotree’s share-based employee incentive program – Directed share issue
TECNOTREE PLC STOCK EXCHANGE RELEASE March 11, 2020 at 16.00 EET
The Board of Directors of Tecnotree Plc has on February 27th 2020 decided on a directed share issue, by authorization of the General Meeting of Shareholders on May 15th 2019 for the purpose of implementation of the incentive and commitment program directed to the key personnel of the Group.
In the share issue, Tecnotree Plc has on March 11th 2020 transferred without consideration a total of 1,740,832 of the company's own shares to the key employees participating in the program in accordance with the terms and conditions of the program. More detailed information about launch the terms and conditions of the program is available in a stock exchange release published on 31 October 2019.
Following the transfer, Tecnotree Plc holds a total of 12,759,168 of its own shares.
Priyesh Ranjan, CFO, tel. +971 50 955 1188
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.