Restamax Oyj - Company Announcement

RESTAMAX PLC'S INITIAL PUBLIC OFFERING OVERSUBSCRIBED

Restamax Plc STOCK EXCHANGE RELEASE 25 November 2013 at 14:00



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE  UNITED  STATES,  AUSTRALIA,  SOUTH  AFRICA,  HONG  KONG,  JAPAN,  CANADA OR
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BE UNLAWFUL.



RESTAMAX PLC'S INITIAL PUBLIC OFFERING OVERSUBSCRIBED



In  a company release published on  11 November 2013, Restamax Plc ('Company' or
'Restamax')  announced an initial public offering ('Initial Public Offering') in
which  the Company offered  a maximum of  3,600,000 new shares ('Shares') in the
Company  to  Finnish  and  international institutional investors ('Institutional
Offering')  and  to  private  individuals  and  corporations in Finland ('Public
Offering') and to certain members of Restamax's personnel in Finland ('Personnel
Offering').  The Initial  Public Offering  was comprised  of (i) the preliminary
Public  Offering of  a total  of 900,000 Shares  at a  subscription price of EUR
4.60, (ii) the preliminary Institutional Offering of a total of 2,600,000 Shares
at  the  subscription  price  of  EUR  4.60 and  (iii) the preliminary Personnel
Offering  of a total of 100,000 Shares at a subscription price of EUR 4.14, i.e.
at  a ten per cent lower subscription price than in the Public and Institutional
Offerings.  The  purpose  of  the  Initial  Public Offering is, among others, to
create  conditions for  the listing  of the  Company on  NASDAQ OMX Helsinki Ltd
('Helsinki Stock Exchange').



The  Initial Public Offering  and the subscription  period of the Shares offered
therein  ended on  21 November 2013 at  16:30 (Finnish time)  for the Public and
Personnel  Offerings  and  on  22 November  2013 at  12:00 for the Institutional
Offering.



A  total of  4,757,363 Shares were  subscribed for  in the entire Initial Public
Offering,  i.e. the  Initial Public  Offering was  oversubscribed by a factor of
1.32. During   the   subscription  period,  a  total  of  4,469,263 shares  were
subscribed  for in the  Institutional Offering, a  total of 91,200 Shares in the
Personnel  Offering and  a total  of 196,900 Shares  in the Public Offering. The
Company's  Board of Directors decided on 25 November 2013 on the approval of the
subscriptions  made and on the amount of the  Shares to be issued. The amount of
Shares  offered in  the Initial  Public Offering  was oversubscribed and, due to
this  reason, the Company's Board of  Directors decided to cut the subscriptions
for  100,000 shares and above that amount in the Institutional Offering by 22.4
per  cent. The second-priority  subscriptions for 372,777 shares  of the capital
loan  creditors that would  have been paid  for by setting  off the subscription
price  receivable against  the capital  of the  capital loan  were cut  in their
entirety.  Therefore, the Company issues  3,600,000 Shares in the Initial Public
Offering.



The  subscription price of the Shares  in the Institutional and Public Offerings
was  EUR 4.60 per Share and  in the Personnel Offering  EUR 4.14 per Share, i.e.
ten  per cent lower than in the  Public and Institutional Offerings. As a result
of  the Initial Public  Offering, the Company  has over 450 shareholders and the
number of the Company's Shares will increase to 14,249,620 shares.



The  Company  has  submitted  on  14 November  2013 a listing application to the
Helsinki  Stock Exchange for the admission of the Company's shares to trading on
the  official list of the Helsinki Stock  Exchange under the trading code RESTA.
The  Shares subscribed for in the Initial Public Offering will be entered in the
Trade  Register on or  about 26 November 2013, and  the trading in the Company's
shares is expected to begin on or about 28 November 2013.



Restamax  Plc and Evli Bank Plc have entered into a market making agreement that
meets  the  requirements  of  the  liquidity  providing  (LP)  operations of the
Helsinki Stock Exchange.



Chairman  of  the  Board  of  Directors  Timo  Laine comments the Initial Public
Offering as follows:"We  are pleased that the offering was  clearly oversubscribed. It was also nice
to  notice that we received  significant international investments. In addition,
the participation of our personnel in the offering was active."



CEO Markku Virtanen comments the Initial Public Offering as follows:"Thanks  to a  successful offering,  we can  continue the  implementation of our
growth strategy."



The  lead manager  of the  Initial Public  Offering is  Evli Bank Plc, the legal
advisor  to the Company and the lead manager is Castrén & Snellman Attorneys Ltd
and the Company's auditor is Deloitte & Touche Oy.



Restamax Plc

Markku Virtanen

CEO



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 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.






[HUG#1745488]