Restamax Plc: FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
STOCK EXCHANGE RELEASE 8 JUNE 2017 at 16:00
FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
Restamax Plc has on 7 June 2017 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act concerning Restamax Plc's shares.
According to the flagging notification, the proportion of Laine Capital Oy and Mr Max Oy fully owned by Timo Laine from the total number of Restamax Plc's shares has decreased from 4,705,994 shares to 4,205,994 shares, or 25.31 per cent of Restamax Plc's share capital and votes.
Timo Laine owns 100 per cent of Laine Capital Oy. As of 7 June 2017, Timo Laine owns 100 per cent of the outstanding shares in Mr Max Oy, after which Timo Laine alone controls Mr Max Oy and has the power to take decisions with the Restamax Plc shares owned by Mr Max Oy.
On the day of submitting the flagging notification, Laine Capital Oy owns 3,036,000 Restamax Plc shares, or 18.27 per cent of Restamax Plc's share capital and votes; and Mr Max Oy owns 1,169,994 Restamax Plc shares, or 7.04 per cent of Restamax Plc's share capital and votes.
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, temporary CEO, CFO, Restamax Plc, tel. +358 40 721 5655
Restamax Plc is a Finnish group established in 1996, specialising in restaurant services and labour hire. The company, which listed on NASDAQ OMX Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 120 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, some 1,100 persons converted into full-time employees work at the Group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is about 4,500.
Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi