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