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THE FINNISH FINANCIAL SUPERVISORY AUTHORITY HAS APPROVED THE PROSPECTUS OF TECNOTREE OYJ REGARDING LISTING OF 72,444,960 NEW SHARES
Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, South Africa, Hong Kong, Japan, Canada, Singapore or the United States of America or in any other country where it would be prohibited by local laws or other regulations.
The Finnish Financial Supervisory Authority has today approved the prospectus in accordance with the Securities Market Act (746/2012, as amended) ("the Prospectus") of Tecnotree Corporation ("Tecnotree") regarding listing of in total 72,444,960 new shares.
Tecnotree informed by stock exchange release published on 24 September 2018 that Fitzroy Investments Limited ("Fitzroy") had subscribed a number of 72,444,960 freely assignable and transferable warrants (the "Warrants") entitling, but not obligating, their holder to subscribe for 72,444,960 new shares in Tecnotree at a price per share of about 0.04 euros by 24 September 2019.
Fitzroy transferred subsequently a number of 51,000,000 of the Warrants to Luminos Sun Holding Limited ("Luminos"). Tecnotree informed by stock exchange release published on 25 February 2019 that Luminos had exercised all of its 51,000,000 Warrants.
Tecnotree informed by stock exchange release published on 3 April 2019 that Fiztroy had exercised all of the 21,444,960 Warrants still held by it.
The Prospectus relates to the listing of in total 72,444,960 new shares subscribed by exercising the above Warrants.
The Prospectus is available in Finnish from 25 April 2019 at the headquarters of the Company in Finnoonniitynkuja 7, Espoo on business days during usual business hours and electronically on the Company's website at tecnotree.com/investors.
FURTHER INFORMATION Padma Ravichander,CEO,Tel. +97 156 414 1420 www.tecnotree.com