NoHo Partners Plc

INVESTOR NEWS 23 September 2019 at 8:01 am

NoHo Partners Executive Team invests EUR 1.2 million in the company

The members of the Executive Team of NoHo Partners Plc have made a significant investment in the company by buying a total of 150,000 of the company’s shares worth EUR 1.2 million.

The share purchases are not tied to any incentive or bonus schemes. The arrangement applies to NoHo Partners’ whole Executive Team and its 10 members.

“It is unusual for the entire Executive Team to make such a significant investment in the company at the same time. It clearly underlines the commitment and trust in our value creation roadmap from the whole management team. Our strategy is progressing on schedule and with this team, I feel confident to continue and build this story beyond,” comments Aku Vikström, CEO, NoHo Partners.

Members of the Executive Team of NoHo Partners Plc:

Aku Vikström, CEO, Chairman of the Executive Team
Juha Helminen, Director of International Operations, Deputy CEO
Jarno Suominen, CFO
Perttu Pesonen, Development Director
Anne Kokkonen, HR Director
Benjamin Gripenberg, CBO, Restaurants, Helsinki Metropolitan Area
Tanja Virtanen, CBO, Restaurants, rest of Finland
Eemeli Nurminen, CBO, Nightclubs and Pubs & Entertainment, Helsinki Metropolitan Area
Paul Meli, CBO, Nightclubs and Pubs & Entertainment, rest of Finland
Tero Kaikkonen, CBO, Fast Casual

Additional information:
Aku Vikström, CEO, NoHo Partners Plc, tel. +358 44 011 1989

Distribution:
Major media
www.noho.fi

NoHo Partners Plc is a Finnish group established in 1996, specialising in restaurant services. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 220 restaurants in Finland, Denmark and Norway. Well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Yes Yes Yes, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi and Cock’s & Cows. In 2018, NoHo Partners Plc’s turnover was MEUR 323.2 and EBIT MEUR 7.2. Depending on the season, the Group employs approximately 4,500 people converted into full-time workers. NoHo Partners Plc’s associated company Smile Henkilöstöpalvelut Oyj employed approximately 10,000 people during the 2018 financial period.

NoHo Partners corporate website: www.noho.fi
NoHo Partners consumer websites: www.ravintola.fi and www.royalravintolat.fi