Trainer's House Oyj - Company Announcement

Result of Trainers’ House Plc’s directed share issue related to the debt conversion

Espoo, 2015-11-12 07:15 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 12 NOVEMBER 2015 AT 8:15 

In order to implement the measures set out in the restructuring programme of
Trainers' House Plc, the Company's board decided on 2 November 2015, based on
the authorisation by the Extraordinary General Meeting of 9 July 2015, on a
share issue directed to the Company's restructuring creditors. 

The subscription period of the share issue ended on 11 November 2015 at 16.00.
In the share issue the restructuring creditors subscribed a total of 38,720,358
new shares in the Company. The subscription price for each share is EUR 0.08
and it was paid in full by setting-off restructuring debts of the Company. The
Company had in advance of the share issue received undertakings to subscribe
37,812,500 new shares. As a result of the share issue the amount of debt in the
Company will be reduced by a total of EUR 3,097,629. 

As a result of the share issue the amount of shares in the Company will
increase to a total of 106,737,062 shares. The subscription price for new
shares will be booked to the distributable non-restricted equity fund. The
share issue will not have an impact on the share capital of the Company. 

The new shares will be registered in the Finnish Trade Register approximately
on 20 November 2015. Trading in the new shares on NASDAQ OMX Helsinki Ltd will
commence approximately on 23 November 2015. The new shares will entitle in all
respects to the same shareholder rights as existing shares in Trainers' House
Plc after the new shares have been registered in the Finnish Trade Register. 


TRAINERS' HOUSE PLC

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


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