Tecnotree Oyj - Decisions of extraordinary general meeting

Decisions by Tecnotree Corporation’s Extraordinary General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. 

Tecnotree Corporation
Stock Exchange Release
28 May 2012 at 11.00 am


Decisions by Tecnotree Corporation's Extraordinary General Meeting

Tecnotree Corporation's Extraordinary General Meeting has today, 28 May 2012,
approved the proposal of the Board of Directors of Tecnotree to authorise the
Board of Directors to decide on a rights offering. 

The reason for the rights offering is to strengthen the balance sheet of
Tecnotree and its liquidity. Pursuant to the authorisation, Tecnotree's
shareholders will have a pre-emptive right to subscribe for new shares in
proportion to their current shareholding in Tecnotree. The number of new shares
to be issued based on the authorisation may not exceed 40,000,000 shares. The
Board of Directors was authorised to decide upon other terms of the rights
offering. The authorisation also includes a right to decide on the secondary
offering of the remaining shares, if any, as determined by the Board of
Directors. 

The authorisation is in force until 28 March 2013, and it will not replace the
authorisation of 28 March 2012 granted by the Annual General Meeting to the
Board of Directors to decide on a share offering. 

In Espoo, 28 May 2012

TECNOTREE CORPORATION

The Board of Directors

FURTHER INFORMATION
Kaj Hagros, President and CEO, tel. +358 40 849 1749
Tuomas Wegelius, CFO, tel. +358 400 433 228

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused
on charging, billing, customer care, messaging and content services. Tecnotree
empowers communication service providers to create and monetize a broad
marketplace of digital services, and augment value across the customer
lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 900
employees serving over 100 operators globally. Tecnotree is listed on the main
list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more
information on Tecnotree visit www.tecnotree.com 

DISCLAIMER
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, Hong
Kong, South Africa or Japan. This release does not constitute an offer of
securities for sale in the United States, nor may the securities be offered or
sold in the United States absent registration or an exemption from registration
as provided in the U.S. Securities Act of 1933, as amended, and the rules and
regulations thereunder. There is no intention to register any portion of the
offering in the United States or to conduct a public offering of securities in
the United States. 

The issue, exercise or sale of securities in the offering are subject to
specific legal or regulatory restrictions in certain jurisdictions. Tecnotree
assumes no responsibility in the event there is a violation by any person of
such restrictions. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. Investors
must neither accept any offer for, nor acquire, any securities to which this
document refers, unless they do so on the basis of the information contained in
the applicable prospectus published or offering circular distributed by
Tecnotree. 

Tecnotree has not authorized any offer to the public of securities in any
Member State of the European Economic Area other than Finland. With respect to
each Member State of the European Economic Area other than Finland and which
has implemented the Prospectus Directive (each, a “Relevant Member State”) no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member
States (a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an “offer of securities to the public” means the communication in
any form and by any means of sufficient information on the terms of the offer
and the securities to be offered so as to enable an investor to decide to
exercise, purchase or subscribe the securities, as the same may be varied in
that Member State by any measure implementing the Prospectus Directive in that
Member State and the expression “Prospectus Directive” means Directive
2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive,
to the extent implemented in the  Relevant Member State), and includes any
relevant implementing measure in the Relevant Member State and the expression
“2010 PD Amending Directive” means Directive 2010/73/EU. 

This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net
worth entities, and other persons to whom it may lawfully be communicated,
falling within Article 49(2) of the Order (all such persons together being
referred to as “relevant persons”). Any investment activity to which this
communication relates will only be available to and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents. 

Summa Capital Oy is acting for Tecnotree Corporation and no one else in
connection with the proposed rights offering and will not regard any other
person (whether or not a recipient of this release) as a client in relation to
the proposed rights offering and will not be responsible to anyone other than
Tecnotree Corporation for providing the protections afforded to their
respective clients or for providing advice in relation to the proposed rights
offering or   any matters referred to in this release. 

Summa Capital Oy accepts no responsibility whatsoever for the contents of this
release, and makes no representation or warranty, express or implied, for the
contents of this release, including its accuracy, completeness or verification,
or for any other statement made or purported to be made by it, or on its
behalf, in connection with Tecnotree Corporation or the ordinary shares or the
proposed rights offering, and nothing in this release is or shall be relied
upon as, a promise or representation in this respect whether as to the past or
future. Summa Capital Oy accordingly disclaims to the fullest extent permitted
by law all and any liability whether arising in tort, contract or otherwise
which they might otherwise have in respect of this release or any such
statement.

Attachments:

Tecnotree EGM Presentation 2012.pdf

Decisions of Tecnotrees EGM 2012.pdf