Tecnotree Corporation
Stock Exchange Release
5 August 2015 at 3.00 p.m. EEST
According to the preliminary interim report of the Tecnotree Group for the first half of 2015, it is concluded that the equity of Tecnotree Oyj, the parent company of the Group, is negative. The Board of Directors of the company has concluded the loss of the equity and is filing the corresponding notice to the Trade Register. However, the equity of the Group is clearly positive. The company will disclose its interim report for the first half of 2015 on 13 August 2015.
The district court of Espoo decided on 9 March 2015 to commence the corporate restructuring proceedings concerning Tecnotree Oyj in accordance with the Act on Restructuring of Enterprises. A draft restructuring program shall be submitted to the district court of Espoo by 30 September 2015. If the court approves a restructuring program and cutting of the debt, the equity of Tecnotree Oyj will improve.
TECNOTREE CORPORATION
MORE INFORMATION
Ilkka Raiskinen, CEO, tel. +358 (0)45 311 3113
Ilkka.raiskinen@tecnotree.com
Tuomas Wegelius, CFO, tel. +358 (0)400 433 228
Tuomas.wegelius@tecnotree.com
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com
About Tecnotree
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 monetise on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With around 1000 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit
www.tecnotree.com
Tecnotree Corporation, Finnoonniitynkuja 7, FIN-02271 Espoo, Finland, Tel +358 9 804 781 | Privacy Statement | Personal Profile
Tecnotree VAT no. FI16515770