Kotipizza Group Oyj - Company Announcement

Kotipizza Group Oyj: Resolutions of Kotipizza Group's Annual General Meeting

Kotipizza Group Oyj

Stock Exchange Release 11 May 2016 at 4.30 pm (EET)

Resolutions of Kotipizza Group's Annual General Meeting

Kotipizza Group's Annual General Meeting held on 11 May, 2016 resolved that no
dividend is paid for the financial period ending 31 January 2016, but EUR 0,35
per share is paid from the reserves for invested unrestricted equity to a
shareholder who, at the distribution payment record date, 13 May 2016, is listed
in the company's shareholder register maintained by Euroclear Finland Ltd. The
distribution will be paid on 20 May 2016.

The minutes of the Annual General Meeting will be available on the company's
website at ir.kotipizzagroup.com no later than by 20 May, 2016.

Financial Statements

The AMG adopted the financial statements for financial year ending 31 January
2016.

Discharge from Liability

The AMG discharged the members of the Board of Directors and CEO from liability
for the financial year ending 31 January 2016.

The Board of Directors

The AGM resolved the number of Board members to be six. Johan Wentzel, Minna
Nissinen, Petri Parvinen, Kim Hanslin and Kalle Ruuskanen were re-elected as
members of Board of Directors for a term of office that lasts until the end of
the next AGM. Marjatta Rytömaa was elected as a new member. Johan Wentzel was
re-elected 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
of the Board of Directors Johan Wentzel and member Marjatta Rytömaa EUR 500 per
month (EUR 6 000 p.a.) and other members of the Board of Directors EUR 2 000 per
month (EUR 24 000 p.a.) each.

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 2017.
6 The authorization will supersede the authorization to decide upon share issues
given to the company's Board of Directors on 28 May 2015.


Kotipizza Group Oyj
Tommi Tervanen, CEO

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

Timo Pirskanen, CFO
tel. +358 207 716 747

Kotipizza Group in brief
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year
2015, the number of restaurants stood at 257 restaurants. In 2015, the sales of
Kotipizza restaurants were EUR 77.3 million. Kotipizza Group net sales were EUR
56.4 million for the financial year 2015 with a comparable EBITDA of EUR 5.03
million respectively.

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Attachments:

Release Resolutions of Kotipizza Groups Annual General Meeting 110516.pdf