Trainer's House Oyj - Company Announcement

NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Espoo, 2015-12-10 14:00 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 10 DECEMBER 2015 AT 15:00 

Trainers’ House Plc (ID 1564461-8) (”Trainers’ House” or ”Company”) has on 10
December 2015 received a notification of major shareholdings pursuant to
Chapter 9, Section 5 of the Finnish Securities Market Act. 

1. Full name of the target:
Trainers’ House Plc

2. Full name of the person subject to the notification obligation:
The Orange Company Oy

3. Date on which the flagging threshold is reached or crossed:
10 December 2015

4. Reason for the notification:
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 on 2 November 2015 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. The amount
of new shares of the Company issued in the directed share issue was 38,720,358,
and the total amount of shares of the Company increased from 68,016,704 to
106,737,062 shares. The new shares were offered to the restructuring creditors
of the Company in deviation from the shareholder’s pre-emptive rights, and they
were registered with the Finnish Trade Register on 8 December 2015. 

The Orange Company Oy’s share of the Company’s shares has diluted due to the
share issue, as The Orange Company Oy does not have restructuring debts in the
restructuring proceedings of the Company that are entitled to conversion. The
Orange Company’s share of the Company’s shares and votes has as a result
lowered from 6.25 percent to 3.98 percent. The number of shares of the Company
owned by The Orange Company Oy has remained unchanged. 


TRAINERS’ HOUSE PLC

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


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