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Restamax Oyj: Restamax Plc directs 440,000 new shares to the sellers of Restala Oy and cancels 200,000 treasury shares

Restamax Plc

STOCK EXCHANGE RELEASE 15 November 2016 at 9:00

Restamax Plc directs 440,000 new shares to the sellers of Restala Oy and cancels 200,000 treasury shares
Restaurant company Restamax Plc has agreed with the owners ("Sellers") of Restala Oy a share exchange whereby Restamax acquires all the shares in Restala Oy. Restala Oy owns 82 per cent of Unioninkadun keidas Oy, which engages in the restaurant business. Unioninkadun keidas Oy owns the Colorado Bar&Grill restaurants at Ruka, Levi, Pyhä and in Helsinki. In addition, the company owns the Mura Sushi restaurant at Ruka and the Kuura and Pizza Block restaurants at Levi. The company also has catering business operations at Levi.

Restamax's Board of Directors have on 14 November 2016 resolved to issue and direct, on the basis of an authorization granted by the General Meeting of the company, in total 440,000 new shares in Restamax to the Sellers in order to execute the share exchange. The subscription price of the new shares is EUR 6.02 per share, which represents the closing price of Restamax's share on 11 November 2016. The total subscription price is therefore EUR 2,648,800 and this amount shall be booked in the company's reserve for invested unrestricted equity. The directed share issue has a weighty financial reason for the company since the issue makes it possible for the company to acquire all of the shares in Restala Oy. The shares to be issued in the directed share issue entitle to dividends and all other shareholder rights from the company's accounting period ending 31 December 2016. Restamax will apply listing of the shares to be issued in the directed share issue on the main list of Nasdaq Helsinki Oy without delay.

In the same connection, Restamax has agreed that Restamax will acquire the Sellers' 18 per cent minority shareholding in Unioninkadun keidas Oy, the remainder of the shares of which are owned by Restala Oy.
In addition, the Board of Directors of Restamax have decided to cancel 200,000 treasury shares that are in possession of the company.

Board of Directors
Markku Virtanen, CEO
Further information:

Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064
Key media

Restamax Plc
is a Finnish restaurant business and labour hire services group established in 1996. 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 over 100 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the group include Stefan's Steakhouse, Viihdemaailma Ilona and Classic American Diner. In 2015, Restamax Plc's turnover was MEUR 113.6 and EBITDA MEUR 16.5. Depending on the season, some 1,000 persons work at the Group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is over 3,000.

Restamax company website:, Restamax consumer website:, Smile Henkilöstöpalvelut:

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Restamax Oyj via Globenewswire

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