Kotipizza Group Oyj - Decisions of general meeting

Kotipizza Group Oyj: RESOLUTIONS OF KOTIPIZZA GROUP'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

Kotipizza Group Oyj
Stock Exchange Release 18 May 2017 at 9am (EEST)

RESOLUTIONS OF KOTIPIZZA GROUP'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

Kotipizza Group's Annual General Meeting of Shareholders (AGM), held on 17 May
2017, resolved that on the basis of the adopted balance sheet for financial
period ending 31 January 2017, no dividends will be paid. It was also decided
that EUR 0,50 per share will be distributed from the reserves for invested
unrestricted equity. The distribution will be paid to shareholders who, on the
distribution payment record date Friday 19 May 2017, are recorded in the
company's shareholder register maintained by Euroclear Finland Ltd. The
distribution is paid on Friday 30 May 2017.

The minutes of the Annual General Meeting of Shareholders will be available on
the company's website at kotipizzagroup.com/investors on no later than 30 May
2017.

Financial Statements

The AGM adopted the financial statements for financial year ending 31 January
2017.

Discharge from Liability

The AGM discharged the members of the Board of Directors and CEO from liability
for the financial year ending 31 January 2017.

Board of Directors

The AGM resolved the number of Board members to be six. The current members of
the Board of Directors Minna Nissinen, Petri Parvinen, Kim Hanslin and Kalle
Ruuskanen are re-elected as members of the Board of Directors and Virpi
Holmqvist as well as Dan Castillo were elected as new members of the Board of
Directors for a term continuing until the end of the next Annual General
Meeting.

Furthermore, the Board of Directors elected Kalle Ruuskanen as Chairman of the
Board of Directors.

Remuneration of the Board of Directors

The AGM resolved that the members of the Board will be paid as follows: Chairman
EUR 3 500 per month (EUR 42 000 per year) and members EUR 2 000 per month (EUR
24 000 per year). Separate meeting remuneration is not paid for meetings of the
Board of Directors, but EUR 400 is to be paid to each chairman of the committees
of the Board of Directors for each committee meeting and EUR 200 be paid to each
member of the committees of the Board of Directors for each committee meeting.

Election and Remuneration of the Auditor

The AGM resolved that the remuneration for the auditor be paid according to
invoice approved by the company. The AGM resolved to re-elect audit firm Ernst &
Young Oy as the company's auditor for a term that ends at the closing of the
next AGM.

Share Issues

The AGM resolved to authorize the Board of Directors to decide on a share issue
on following terms:

1. The authorization may be used in full or in part by issuing shares in
Kotipizza Group Oyj in one or more issues so that the maximum number of shares
issued is 635 000 shares.

2. The Board of Directors may also decide on a directed share issue in deviation
from the shareholders' pre-emptive rights in case there is a weighty financial
reason to do so, such as in order to finance or carry out acquisitions or other
business transactions, develop the company's capital structure, or in order to
use the shares for an incentive scheme. The Board of Directors would be
authorized to decide to whom and in which order the shares will be issued. In
the share issues shares may be issued for subscription against payment or
without charge.

3. Based on the authorization, the Board of Directors is also authorized to
decide on a share issue without payment directed to the company itself, provided
that the number of shares held by the company after the issue would be a maximum
of 10 per cent of all shares in the company. This amount includes shares held by
the company and its subsidiaries in the manner provided for in Chapter 15,
section 11 (1) of the Companies Act.

4. This authorization includes the right for the Board of Directors to decide on
the terms and conditions of the share issues and measures related to the share
issues in accordance with the Companies Act, including the right to decide
whether the subscription price will be recognized in full or in part in the
invested unrestricted equity reserve or as an increase to the share capital.

5. The authorization is valid until 31 July 2018.

6. The authorization will supersede the authorization to decide upon share
issues given to the company's Board of Directors on 11 May 2016.

Kotipizza Group Oyj
Tommi Tervanen, CEO

For more information:
Tommi Tervanen, CEO
tel. +358 207 716 743

Timo Pirskanen, CFO
tel. +358 207 716 747

For pictures of the new Chairman of the Board of Directors and new members of
the Board of Directors:
Anna Rahikainen, Communications Manager
tel. +358 50 3828 785


Kotipizza Group in brief
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year
2016, the number of restaurants stood at 257 restaurants. In 2016, the sales of
Kotipizza restaurants were EUR 89.9 million. Kotipizza Group's net sales were
EUR 66.6 million for the financial year 2016 with a comparable EBITDA of EUR
6.73 million, respectively.

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Attachments:

Kotipizza Group Resolutions of Annual General Meeting 18.5.207.pdf