Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Thursday, 8 February 2018

Kotipizza Group Oyj: Flagging announcement pursuant to Securities Markets Act Chapter 9, Section 10

Kotipizza Group Oyj    

Published: 13:30 CET 08-02-2018 /GlobeNewswire /Source: Kotipizza Group Oyj / : PIZZA /ISIN: FI4000157235

Kotipizza Group Oyj: Flagging announcement pursuant to Securities Markets Act Chapter 9, Section 10

Kotipizza Group Oyj


Stock Exchange Release 8 February 2018 at 2.30pm (EET)


Kotipizza Group Oyj: Flagging announcement pursuant to Securities Markets Act Chapter 9, Section 10


Pursuant to the Finnish Securities Markets Act chapter 9, section 5, Financière de l'Echiquier announced on 6 February 2018 that its holding in Kotipizza Group Oyj has gone below the threshold of (5) percent (1/20) of the share capital on 6 February 2018.


1. The company: Kotipizza Group Oyj

2. The date of change in holdings: 6 February 2018

3. Exact proportion of share capital and voting rights as of 6 February 2018: The shares managed by Financière de l'Echiquier totaled 284.629 shares representing 4.48% of total share capital and total voting rights. 

4. Shareholder: Financière de l'Echiquier

 


Kotipizza Group Oyj

Tommi Tervanen, CEO


More information:

Tommi Tervanen, CEO
tel. +358 207 716 743


Timo Pirskanen, CFO and Deputy to the CEO
tel. +358 207 716 747


Kotipizza Group in brief

Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2016, the number of restaurants stood at 257. In the financial year 2016, the total sales of Kotipizza restaurants amounted to EUR 89.9 million. The Kotipizza chain is part of the Kotipizza Group, alongside the supply and logistics company Helsinki Foodstock Oy, Chalupa Oy that operates the Mexican-style restaurant chain Chalupa launched in 2015, as well as Day After Day Oy, acquired in December 2017, that operates the Social Burgerjoint burger chain and the Social Food food truck.

In the financial year 2016, Helsinki Foodstock had net sales of EUR 53.2 million and the total sales of Chalupa restaurants were EUR 1,04 million. In the same period, the Kotipizza Group had net sales of EUR 66.6 million with a comparable EBITDA of EUR 6.73 million.

 

 



Release Kotipizza Group Flagging notification 8.2.2018



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Kotipizza Group Oyj, Hermannin rantatie 8, Helsinki 00580, Suomi
If you would like to unsubscribe and stop receiving these e-mails click here.