Tecnotree Corporation Stock Exchange Release 6 November 2026 at 15:00 EET
The Board of Directors of Tecnotree Corporation ("Tecnotree" or "Company") has approved the allotment of share-based bonuses to certain employees for the purposes of recruiting, retaining talent and rewarding performance. The Board has also resolved on a share issue to the Company itself to settle these obligations. The share-based bonuses will be approximately worth EUR 2.4 M.
Share issuance for the settlement of the share-based bonuses
Tecnotree's Board of Directors has resolved to issue, without consideration, 400,000 Tecnotree shares to Tecnotree, to be later used to fulfil the Company's obligations under the share-based bonuses. The resolution is based on the authorization granted to the Board of Directors by the Annual General Meeting held on 15 April 2024. The Board has considered that the Company has a particularly weighty financial reason for the share issue without consideration, as its purpose is to attract and retain talent and reward performance.
The Company expects the new shares to be registered with the Trade Register on or about 26 November 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 the Company's book-entry account.
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 27 November 2026.
After the registration of the new shares in the Trade Register, the total number of the shares in the Company will be 23,285,024 shares.
Dilution effect
The new shares represent approximately 1.7% of all shares after the share issue.