THREE APPLICATIONS FOR SUMMONS AGAINST RESTAMAX PLC HAVE BEEN SUBMITTED TO THE DISTRICT COURT OF PIRKANMAA
Restamax Plc
PRESS RELEASE 25 November 2013 at 13.45
ACCORDING TO INFORMATION RECEIVED BY THE COMPANY, THREE APPLICATIONS FOR SUMMONS AGAINST RESTAMAX PLC HAVE BEEN SUBMITTED TO THE DISTRICT COURT OF PIRKANMAA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, HONG KONG, JAPAN, CANADA OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Restamax Plc (the "Company" or "Restamax") has become aware that three applications for summons have been submitted to the District Court of Pirkanmaa on 19 November 2013, in which the plaintiffs are Potkan Oy, Ari Kankaanpää and Heikki Vihinen. Each application contains a demand that Restamax pay the plaintiff contractual liquidated damages of EUR 300,000 plus interest for late payment. The claims are based on the cooperation agreement signed by the parties on 15 September 2012 concerning the operation of Eiran Musiikkiteatteri Oy. The Company has not yet been served with a summons in the matter.
The parties and claims of the applications are identical to the parties and claims presented on page 71 of the official Finnish-language Listing Prospectus dated 11 November 2013 (the "Listing Prospectus"). The Company still contests the allegations and is contemplating taking actions in the matter.
As the matter has been discussed in the Listing Prospectus and the matter has not changed from the contents of the Listing Prospectus, this press exchange release does not constitute a supplement to the prospectus, and the release does not result in a right referred to in the Finnish Securities Markets Act to cancel subscriptions already made in the initial public offering announced by the Company on 11 November 2013 through a company release.
Additional information:
CEO Markku Virtanen, Restamax Plc, +358 (0)400 836 477, markku.virtanen@restamax.fi
Chairman of the Board Timo Laine, Restamax Plc, +358 (0)400 626 064, timo.laine@restamax.fi
Restamax Plc
Markku Virtanen
CEO
Distribution:
Major media
Financial Supervisory Authority
NASDAQ OMX Helsinki Ltd
www.restamax.fi
Restamax Plc is a Finnish restaurant group established in 1996. The company has grown rapidly throughout its operating history. The group operates circa 60 restaurants, bars and night clubs across Finland. The company's well-known restaurant concepts 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 has circa 700 employees and the turnover for 2012 amounted to approximately EUR 60 million and EBITDA to approximately EUR 10 million. www.restamax.fi.
NOTICE
This release is not a prospectus, and thus, is not an offer for securities. No offer is being made in jurisdictions in which either the offer or the participation in it would be prohibited our would require the drafting of a prospectus, registration or other measures in addition to measures in accordance with Finnish legislation. Investors must make their investment decisions concerning subscription for shares based only on the information presented in the Listing Prospectus for the shares approved by the Finnish Financial Supervisory Authority. This release is not an offer to sell securities in the United States of America nor in any country of the European Economic Area.
Shares cannot be offered or sold in the United States without registration in accordance with the US Securities Act of 1933 (as amended) or in reliance on an exemption from the registration requirements of the US Securities Act of 1933. Restamax has not registered, and does not intend to register, any part of a possible offer in the United States, nor does it intend to offer securities to the public in the United States.
The Company's shares are not, and will not be, registered in accordance with the securities market legislation of Australia, Canada, Hong Kong, South Africa, Singapore or Japan, nor will the Company's shares be offered or sold to or on behalf of residents or citizens of Australia, Hong Kong, South Africa, Singapore, Canada or Japan other than in special cases in accordance with the provisions and orders of the authorities of the jurisdictions in question in force from time to time.
The Company is offering Shares to certain experienced investors in the European Economic Area for subscription under certain preconditions. To date, no actions that would require the publication of a prospectus for the offering of the Shares have been taken in any European Economic Area country other than Finland. Shares can be offered in Member States only in the situations that do not require the publication of a prospectus as provided for in Directive 2003/71/EC (as amended, including Directive 2010/73/EU).
This release may include forward-looking statements. These forward-looking statements include factors that are not historical facts, statements on, among other things, Restamax's results, financial position, solvency, opportunities, growth, strategies and Restamax's intentions, beliefs and current expectations concerning its industry. By nature, forward-looking statements involve risks and uncertainties, because they relate to events or are due to circumstances that may or may not occur in the future and, thus, express only the circumstances at the time they are given. Restamax gives notice that forward-looking statements are no assurance of future performance, and that its actual results, financial position and solvency as well as the development of its industry could significantly differ from what has been stated or proposed in the forward-looking statements herein. In addition, even if Restamax's results, financial position and solvency as well as the development of its industry correspond to the forward-looking statements herein, such results or development are no indication of future results or developments. Restamax does not undertake to verify expectations or estimates or to publish corrections to forward-looking statements reflecting events or circumstances subsequent to the publication of this release.