Tecnotree Corporation Stock Exchange Release 30 January 2026 at 20:00 EET
The Board of Directors of Tecnotree Corporation ("Tecnotree" or "Company") has
today resolved to accept share subscriptions based on the conversion of the
Compulsory Convertible Debentures issued on 22 June 2023 (“CCD Notes”) pursuant
to the conversion requests received by the Company. In the said share
subscriptions, the lenders of the CCD Notes subscribed a total number of
5,781,523 new shares (the "New Shares") in the Company by exercising special
rights issued in connection with the CCD Notes. The conversion right was based
on the accelerated conversion right triggered pursuant to the terms of the CCD
Notes by the public tender offer published on 27 January 2026.
The terms of the CCD Notes were disclosed in stock exchange release on 22 June
2023, as amended due to the reverse split as disclosed in stock exchange release
on 19 April 2024.
The subscription price per each New Share was EUR 3.909 (rounded) in accordance
with the terms of the CCD Notes. The subscription price of the New Shares was
paid by setting it off against the principal of the CCD Notes in the total
amount of EUR 22,600,000. The subscription price of the New Shares was entered
in its entirety into the Company's invested non-restricted equity fund.
The Company expects the New Shares to be registered with the Trade Register on
or about 19 February 2026. The New Shares are of the same class as the Company's
other shares and entitle to the same shareholder rights as the Company's
existing shares after their registration and entering into book-entry accounts
of the subscribers.
The Company shall apply for the admission of the New Shares to public trading on
the stock exchange list of Nasdaq Helsinki Ltd on or about 20 February 2026,
after an exemption document pursuant to the Annex IX to the European Parliament
and Council Regulation (EU) 2017/1129 has been prepared and disclosed.
After the registration of the New Shares in the Trade Register, the total number
of the shares in the Company is 22,834,773 shares.
Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357
About Tecnotree
Tecnotree is a global provider of IT solutions for the management of services,
products, customers and revenue for Communications Service Providers. 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.
Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please
visit
www.tecnotree.com.