Brief: Tecnotree Board Decides On Directed Share Issue

Tecnotree Oyj

30/07/2021 14:09

July 30 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * THE BOARD OF DIRECTORS OF TECNOTREE CORPORATION HAS
DECIDED ON A
DIRECTED SHARE ISSUE
    * AIMS TO RAISE GROSS PROCEEDS OF APPROXIMATELY EU 22
MILLION
    * PURPOSE OF DIRECTED ISSUE IS TO SUPPORT DEBT REPAYMENT
CAPABILITY AND STRENGTHEN WORKING CAPITAL OF COMPANY
    * SHARES EQUAL APPROXIMATELY 10.8 PER CENT OF TOTAL NUMBER
OF
COMPANY'S CURRENT SHARES
    * SUBSCRIPTION PRICE PER SHARE IS EUR 0.72 ( "SUBSCRIPTION
PRICE").
    * SHARES WILL BE LISTED FOR TRADING ON MAIN LIST OF NASDAQ
HELSINKI LTD TOGETHER WITH OTHER SHARES OF TECNOTREE'S PRESENT
CLASS OF SHARES ON OR ABOUT 2 SEPTEMBER 2021
    * TO OFFER MAXIMUM OF 30,577,778 SHARES

Source text for Eikon:  ID:nWkrbgzkMP 
Further company coverage:  TEM1V.HE 

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