Restamax Plc: RESTAMAX FINALISES THE RENGASRAVINTOLAT BUSINESS TRANSACTION

Restamax Plc

STOCK EXCHANGE RELEASE 23 MAY 2014, 10:00 am


RESTAMAX FINALISES THE RENGASRAVINTOLAT BUSINESS TRANSACTION

Restamax Plc has on 22 May 2014 finalised the Rengasravintolat Group business transaction, which the company announced on 5 March 2014.

Based on Rengasravintolat Oy's interim financial statements published on 28 February 2014, the additional purchase price was set at EUR 302,023.18. The additional purchase price will affect Restamax's cash flow for the second quarter of 2014.

Additional information:

Markku Virtanen, CEO, tel. +358 400 836 477
Jarno Suominen, CFO, tel. +358 40 721 5655

Distribution:

NASDAQ OMX Helsinki
Major media
www.restamax.fi


Restamax Plc is a Finnish restaurant business group established in 1996. The company has continued to grow steadily throughout its history. The group companies include approximately 80 restaurants, cafés, pubs and nightclubs all over Finland. Well-known restaurant concepts of the Group include Ristorante Bella Roma, Gringos Locos, Viihdemaailma Ilona, Daddy's Diner and Stefan's Steakhouse. Wayne's Coffee is also a part of the company's portfolio. Restamax Plc employs approximately 900 people, the Group's pro forma turnover in 2013 was MEUR 87.0 and EBITDA MEUR 13.3. www.restamax.fi.