Stock exchange releases Restamax Plc: DECISIONS OF RESTAMAX PLC’S ANNUAL GENERAL MEETING Restamax Plc STOCK EXCHANGE RELEASE 27 April 2016 16:30 DECISIONS OF RESTAMAX PLC'S ANNUAL GENERAL MEETING Restamax Plc's Annual General Meeting was held today 27 April 2016 in Tampere. The meeting confirmed the 2015 financial statements and discharged the Company's management from liability. The meeting decided that based on the balance sheet confirmed for the financial period that ended on 31 December 2015 a dividend of EUR 0.27 per share will be paid. The dividend will be paid on 9 May 2016. The Annual General Meeting decided that the Board of Directors will comprise six (6) members and elected APA-accredited Deloitte & Touche Oy as the Company's auditor. The meeting was opened by Chairman of the Board Timo Laine lawyer Heli Piksilä-Rantanen chaired the meeting and Hannu Selin LLM acted as Secretary. DECISIONS OF THE MEETING Financial statements The meeting adopted Restamax Plc's financial statements and discharged the members of the Board of Directors and the CEO from liability for the 2015 financial period. Dividend The Board of Directors decided that based on the balance sheet adopted for the financial period that ended on 31 December 2015 a dividend of EUR 0.27 per share will be paid. The dividend record date is 29 April 2016 and the dividend payment date is 9 May 2016. Board of Directors The meeting decided that the number of members of the Board of Directors will be six (6). As members of the Board the meeting re-elected all present members of the Board Timo Laine Petri Olkinuora Mikko Aartio Jarmo Viitala Mika Niemi and Timo Everi to serve until the end of the next Annual General Meeting. The meeting elected Timo Laine as Chairman of the Board and Petri Olkinuora as Vice-Chairman. The Annual General Meeting decided that the payment of remuneration and travel expense reimbursements to the members of the Board of Directors would be as follows until the following Annual General Meeting: annual remuneration to the Chairman of the Board will be EUR 25 000 to the Vice-Chairman EUR 20 000 and to other members EUR 10 000. Separate attendance allowances are not paid. Travel expenses will be reimbursed in accordance with the Company's travel rules. Auditor The Annual General Meeting reselected as auditor Deloitte & Touche Oy a firm of authorised public accountants until the end of the next Annual General Meeting. Hannu Mattila APA will act as the Company's responsible auditor. In accordance with the Board's proposal the meeting decided that the auditor's remuneration will be paid based on a reasonable invoice approved by the Company. Authorisation to purchase the Company's own shares The Annual General Meeting decided to authorise the Board to decide on using the Company's unrestricted equity to purchase no more than 800 000 of the Company's own shares in one or several tranches taking into account the stipulations of the Limited Liability Companies Act regarding the maximum number of shares in possession of the Company and under the following terms: The Company's shares held by the Company shall be purchased with the funds from the Company's unrestricted equity meaning that the purchases decrease the distributable profits of the Company. The shares shall be purchased in trading on the regulated market in the Helsinki Stock Exchange and therefore the purchase takes place by private placing and not in relation to the shares owned by the shareholders. The sum paid for the shares is the price announced on the acquisition day for Restamax Plc's shares on the regulated market on the stock list of Helsinki Stock Exchange. The shares are purchased in trading organised by Nasdaq Helsinki Oy in accordance with its rules and regulations. The shares can be purchased for financing or carrying out possible corporate acquisitions or other arrangements to implement incentive schemes within the Company or for other purposes decided by the Board. The maximum amount of the shares to be purchased is equivalent to approximately 4.9 per cent of all the shares and votes of the Company calculated using the share count on the publication date of the invitation to the Annual General Meeting so the purchase of the shares does not have a significant influence on the share ownership and the distribution of voting rights in the Company. The Board of Directors shall decide on other matters related to the purchase of the Company's own shares. The authorisation will expire at the end of the 2017 Annual General Meeting however no later than 18 months of the Annual General Meeting's authorisation decision. Minutes of the Annual General Meeting The minutes of the Annual General Meeting are available to shareholders at the Restamax Plc head office and on the Company's website www.restamax.fi/en/investors/general-meeting/annual-general-meeting-2016 on 11 May 2016 or sooner. Additional information:Chairman of the Board of Directors Timo Laine Restamax Plc tel. +358 400 626 064 CEO Markku Virtanen Restamax Plc tel. +358 400 836 477 Distribution: NASDAQ OMX Helsinki Major media www.restamax.fi Restamax Plc is a Finnish group established in 1996 specialising in restaurant services and labour hire. 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: www.restamax.fi Restamax consumer website: www.ravintola.fi Smile Labour Hire Services: www.smilepalvelut.fi
