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2015-04-17

Restamax Plc: PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING

Restamax Plc
STOCK EXCHANGE RELEASE 17 April 2015 at 14:15

PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING
The shareholders representing a total of more than 52.8% of the shares and
votes of Restamax Plc have announced to the Board of Directors that they
will, at the Annual General Meeting on 22 April 2015, propose that the annual
compensation paid to Members of the Board be set at €20,000 per annum for the
Chairman and Vice-Chairman and €10,000 per annum for each Member of the
Board. The aforementioned shareholders propose that separate attendance
allowance or reimbursement for travelling expenses will not be paid.

The aforementioned shareholders have also announced to the Board of Directors
that they will propose at the Annual General Meeting that the Board of
Directors comprise six (6) members, and that the current members, Timo Laine,
Petri Olkinuora, Mikko Aartio, Jarmo Viitala and Mika Niemi, be re-elected.
In addition, Timo Everi will be proposed as a new Member of the Board. The
proposed persons have given their consent to the appointments. The said
shareholders propose that Timo Laine continue as Chairman of the Board and
Petri Olkinuora continue as the Vice-Chairman.

Among the proposed Members of the Board, three (Laine, Aartio and Niemi) are
dependent of the Company, so the proposed composition of the Board does not
meet the recommendation 14 of the Finnish Corporate Governance Code where it
indicates that more than half of the members of the Board should be
independent of the Company. Furthermore, the proposed composition of the
Board does not meet Recommendation 9 of the Corporate Governance Code for
Listed Companies in Finland that both genders should be represented on the
Board. The aforementioned shareholders justify the proposed composition of
the Board with the acquisition of Rengasravintolat Group that took place
during the previous financial period, and with the functional capacity of the
proposed composition of the Board, taking into account the challenges posed
by the company's operations and development phase.

More information about the proposed members is appended to this press release
and available on the Company website at
www.restamax.fi/en/investors/general-meeting/annual-general-meeting-2015/.

The invitation to the Annual General Meeting of Restamax Plc was published as
a stock exchange release on 31 March 2015.

Additional information:

Timo Laine, Restamax Plc, Chairman of the Board of Directors, tel. +358 400
626 064
Jarno Suominen, Restamax Plc, CFO, tel. +358 40 721 5655

Distribution:

NASDAQ OMX Helsinki
Major media channels
www.restamax.fi
Restamax Plc

is a Finnish restaurant business group established in 1996 that also offers
labour hire services. The company, which listed on the NASDAQ OMX Helsinki
stock exchange in 2013 and became the first Finnish listed restaurant
company, has continued to grow steadily throughout its history. The Group
companies include approximately 100 restaurants, cafés, pubs and nightclubs
all over Finland. The Group's well-known restaurant concepts include, among
others, the von Trappe restaurants, Bodega Salud, Viihdemaailma Ilona,
American Diner, Daddy's Diner, Stefan's Steakhouse, and the Galaxie and Space
Bowling&Billiards entertainment centres. Restamax Plc employs between 900 and
1,100 people depending on the season. The turnover for 2014 was MEUR 86.7 and
EBITDA MEUR 12.0.

Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi

The proposed members of the Restamax Plc’s board of directors 2015
http://hugin.info/158654/R/1912021/682367.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1912021

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