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Postponing the release for the 2015 financial results and the shareholders’ meeting of Tecnotree Corporation

Tecnotree Corporation
Stock Exchange Release
23 February 2016 at 3.20 p.m. EET

Tecnotree disclosed a stock exchange release on 30 December 2015, informing that the district court of Espoo decided, at the request of the administrator, to postpone the deadline for the draft restructuring program till 31 March 2016.  Since the corporate restructuring has impacts on the financial statements of Tecnotree, the company decided to postpone the release of its 2015 financial results from the previously announced time 29 January 2016 by one month till 29 February 2016.

According to the information received from the administrator, the draft restructuring program will not be completed by the end of February. Consequently, it has been decided to postpone the release of the 2015 results till 31 March 2016. As a result of the postponing of the financial statements of 2015, the annual shareholders’ meeting, originally informed to be held on 31 March 2016, will be postponed. The new time of the shareholders’ meeting will be disclosed after the completion of the statutory financial statements. According to the Articles of Association, the summons to a shareholders’ meeting must be published at least three weeks before the meeting.

TECNOTREE CORPORATION


MORE INFORMATION
Ilkka Raiskinen, CEO, tel. +358 (0)45 311 3113
Ilkka.raiskinen@tecnotree.com 

DISTRIBUTION
Nasdaq 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 service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With around 1000 telecom experts, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of Nasdaq Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com.