Trainer's House Oyj - Company Announcement

TRAINERS’ HOUSE HAS SOLD ITS MINORITY STAKE IN ATBUSINESS OY TO INNOFACTOR PLC

Espoo, 2013-06-07 07:00 CEST (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 7 JUNE 2013 AT 8:00 

In 2010 Trainers' House sold, in a transaction announced on 5 August 2010, its
technology project business to atBusiness Oy. As a part of that transaction
Trainers' House retained a minority stake of approximately 19.9 % from
atBusiness Oy. 

Trainers' House, Sentica Kasvurahasto II Ky, atBusiness Oy's management
shareholders and Innofactor Plc have on 6 June 2013 entered into a transaction
in which Innofactor Plc purchases the entire share capital of atBusiness Oy as
well as all shareholder loans held by the old shareholders of atBusiness Oy. As
a consideration for its shares and shareholder loans in atBusiness Oy Trainers'
House receives approximately EUR 1.3 million, of which approximately EUR 0.5
million will be paid in cash and approximately EUR 0.8 million will be paid by
issuing new shares of Innofactor Plc. 

In addition to the initial purchase price Trainers' House may be entitled,
depending on the development of Innofactor Plc's EBITDA, to an additional
purchase price payable in 2014 of a maximum of EUR 0.2 million. 

As a consequence of the transaction Trainers' House will book a non-recurring
loss of approximately EUR 0.8 million into the profit and loss statement for
second quarter of 2013. 

Innofactor Plc's stock exchange release concerning the transaction is annexed
to this release. 


TRAINERS' HOUSE PLC

FURTHER INFORMATION
Mirkka Vikström, CFO, tel. +358 50 376 1115

DISTRIBUTION

Nasdaq OMX Helsinki
Main media
www.trainershouse.fi

Attachments:

Porssitiedote Innofactor EN.pdf

Porssitiedote 7.6.2013 EN.pdf