Restamax Plc: FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
STOCK EXCHANGE RELEASE 2 January 2018 at 17:00
FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
Restamax Plc (Business ID 1952494-7) has on 31 December 2017 received from Laine Capital Oy (Business ID 2768455-3) a notification of major shareholding under Section 9(5) of the Securities Markets Act.
According to the flagging notification, Mr Max Oy, 100% owned by Timo Laine, has on 31 December 2017 merged with Laine Capital Oy, which is 100% owned by Timo Laine, as a result of which the Restamax Plc shares (1,573,964 shares) previously owned by Mr Max Oy have transferred as universal succession to Laine Capital Oy.
The holding of Laine Capital Oy as described in the notification:
|% of shares and votes||% of shares and votes through financial instruments||Total percentage||Total number of shares and votes of target company|
| Share after |
reaching or breaking
the flagging threshold
| Share communicated in the previous notification of major shareholding |
Information on holdings and proportion of voting rights after breaking the flagging threshold:
A: Shares and votes
|Shares series / share type||Number of shares and votes||Percentage of shares and votes|
|Direct (SMA 9(5))||Indirect (SMA 9(6) and 9(7))||Direct (SMA 9(5))||Indirect (SMA 9(6) and 9(7))|
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the shares, voting rights or the financial instruments are effectively managed starting with the ultimate controlling natural person or legal entity:
|Name||% of shares and voting rights||Shares, voting rights and financial instruments in total|
|Laine Capital Oy||27.74||27.74|
Restamax Plc's share capital consists of 16,619,620 shares and votes. Restamax Plc has one series of shares, and each share carries one vote.
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655
Restamax Plc is a Finnish restaurant business and labour hire services group established in 1996. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include more than 130 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner and Colorado Bar & Grill. In 2016, Restamax Plc's turnover was MEUR 130.1 and EBITDA MEUR 19.4. Depending on the season, the Group employs some 2,000 persons, converted into full-time employees. Restamax subsidiary Smile Henkilöstöpalvelut Oy employs approximately 8,000 people on a monthly basis.
Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi