According to the previous dividend proposal, the Board of Directors proposes to the Annual General Meeting that no dividend will be paid for the financial year 2023. According to the new proposal, the Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide, in its discretion, on the distribution of an aggregate maximum of
The aforesaid dividend proposal is conditional on the Annual General Meeting deciding that the Company carries out a reverse share split to the effect that each twenty (20) current shares of the Company are merged into one (1) share as proposed by the Board of Directors. Should the Annual General Meeting decide on the reverse share split pursuant to the aforesaid proposal, the maximum amount of dividends that can be distributed on the basis of the aforesaid dividend authorization is
Notice to the Annual General Meeting shall be published later today.
Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357
For more information, please visit www.tecnotree.com or social media channels - LinkedIn I Facebook I Twitter
https://news.cision.com/tecnotree/r/inside-information-amendment-to-tecnotree-s-dividend-proposal-and-proposal-on-reverse-share-split,c3950736
https://mb.cision.com/Main/15858/3950736/2690370.pdf
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