Pressmeddelanden, rapporter och bolagsmeddelande för Tecnotree Oyj

Senior manager at Tecnotree Oyj, Ramaseshan Subramanian, has disclosed a series of share disposals on the NASDAQ Helsinki Ltd. The transactions occurred on May 8, 2024, and involved various volumes of shares at different prices, with a total volume of 10,937 shares and a volume-weighted average price of 5.39347 EUR. Tecnotree is a 5G-ready digital Business Support System (BSS) player with AI/ML capabilities and multi-cloud extensibility, and is listed on the Helsinki Nasdaq.

On 19 April 2024, Tecnotree Corporation executed a reverse share split, a directed share issue without consideration, redemption of shares, and cancellation of shares. The new number of shares in the company is 15,953,250, and trading with the merged shares will commence on 22 April 2024 with a new ISIN code. The reverse share split means that each 20 shares of the company will be merged into one share. The company also issued a total of 108,794 new shares without consideration, making the number of shares in each shareholder's book-entry account divisible by 20. This action aims to increase the value of an individual share, promote efficient share price formation, and enable the issuance of dividends. Adjustments were also made to the company’s options, convertible debentures, and warrants. Tecnotree is a 5G-ready digital Business Support System player listed on the Helsinki Nasdaq.