Trainer's House Oyj - Company Announcement

BOARD OF DIRECTORS OF TRAINERS’ HOUSE PLC HAS MADE A DECISION ON THE DIRECTED SHARE ISSUE

Espoo, 2015-11-02 15:45 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 2 NOVEMBER 2015 AT 16:45 

As previously notified, as part of the restructuring programme of Trainers'
House confirmed by the District Court of Espoo, the Company's restructuring
creditors of normal preference are offered the option to convert their
receivables into shares of the Company as described in more detail in Company's
restructuring programme. 

The Company's Board of Directors has now made a decision on the directed share
issue according to the restructuring programme under the authorisation by the
Extraordinary General Meeting on 9 July 2015. 

In the directed issue, the maximum number of the Company's new shares to be
issued is 42,730,860. The new shares will be offered to the restructuring
creditors of the Company in deviation from the shareholders' pre-emptive
rights. The right to subscribe starts on 9 November 2015 at 9.30 and ends on 11
November 2015 at 16.00. The subscription price for each share is EUR 0.08 and
it shall be paid in full by setting-off restructuring debts of the Company. The
subscription price for new shares will be booked to the distributable
non-restricted equity fund. The Company has received undertakings to subscribe
37,812,500 new shares. 

The Company will notify about the outcome of the directed share issue after the
subscription time. 


TRAINERS' HOUSE PLC

Arto Heimonen, tel. +358 (0)40 412 3456
CEO


DISTRIBUTION
OMX Nordic Exchange, Helsinki
Key media
www.trainershouse.fi > Investors