Tiimari Plc: Stock Exchange Release 14 January 2011 at 15.53
AMENDMENT TO THE STANDSTILL RELEASE OF DECEMBER 30, 2010
The standstill agreement signed December 30, 2010 has been amended. The financial institution loan and provision payments have been increased by approximately EUR 0.7 million. During the Standstill period, it has now been agreed to pay EUR 0.8 million, previously EUR 0.1 million. This change has no impact on the financial year result, but part of the payments have been advanced to the Standstill period as opposed to previously December 31, 2011. The amendment has no impact on the full-year cashflow forecast.
Hannu Krook
Managing Director
Tiimari Oyj Abp
Further information:
Managing Director Hannu Krook, tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi
Chief Financial Officer Kai Järvikare tel. +358 (0)44 7129475, email kai.jarvikare@tiimari.fi
Distribution:
NASDAQ OMX Helsinki
Main source of information
Tiimari Plc shares are listed at Nasdaq OMX Helsinki Plc. The Group comprises two retail shop concepts, Tiimari and Gallerix. The concepts operate nearly 300shops in five countries within the Baltic Sea region. Both concepts belong tothe forerunners within their business segments.