Restamax Plc: NOTIFICATION OF MAJOR SHAREHOLDING IN ACCORDANCE WITH THE SECURITIES MARKETS ACT, CHAPTER 9, SECTION 10

Restamax Plc

STOCK EXCHANGE RELEASE 9 AUGUST 2016 AT 19:25

NOTIFICATION OF MAJOR SHAREHOLDING IN ACCORDANCE WITH THE SECURITIES MARKETS ACT, CHAPTER 9, SECTION 10

On 9 August 2016, Restamax Plc received a notification of major shareholding regarding Restamax Plc shares in accordance with the Securities Markets Act, Chapter 9, Section 5.

According to the notification of major shareholding, the share of Laine Capital Oy, which is controlled by Timo Laine, of the total number of Restamax Plc shares has increased from 0 shares to 3,000,000 shares or to 18.32 per cent of the share capital and votes of Restamax Plc.

In total, the share of Timo Laine and the companies controlled by him of the total number of Restamax Plc shares has increased from 0 shares to 3,000,000 shares or to 18.32 per cent of the share capital and votes of Restamax Plc. Furthermore, Mr Max Oy, which is owned in equal shares 50%/50% by Timo Laine and Mikko Aartio, owns 1,362,994 Restamax Plc shares or 8.32 per cent of the company's share capital and votes. There is no shareholder agreement between Timo Laine and Mikko Aartio, but they exercise power of decision based on consensus over the shares of Restamax Plc owned by Mr Max Oy.

On 1 July 2016, the Financial Supervisory Authority granted to Timo Laine, Laine Capital Oy and the other parties mentioned in the decision of the Financial Supervisory Authority, which the Financial Supervisory Authority interprets to act together in order to exercise control in Restamax Plc, permission to derogate from the obligation to launch a bid for Restamax Plc shares in accordance with the Securities Markets Act, Chapter 11, Section 26.

Restamax Plc's share capital comprises a total of 16,379,620 shares and votes. The company has one series of shares and each share carries one vote.

Additional information: 
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655

Distribution: 
NASDAQ OMX Helsinki
Major media
www.restamax.fi

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 113.7 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 about 3,000.

Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi