Kotipizza Group Oyj
Stock Exchange Release 22 July 2015 at 10.00 (EET)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA AND, THE UNITED STATES OR TO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
KOTIPIZZA GROUP'S SUBSIDIARY HELSINKI FOODSTOCK TO CO-OPERATE WITH THE ESPRESSO HOUSE CHAIN
Helsinki Foodstock Oy ("Helsinki Foodstock"), a sourcing and logistics operator wholly owned by Kotipizza Group Oyj ("Kotipizza Group") has signed an agreement with Espresso House Finland Oy making it responsible for supply chain management for the Espresso House chain of coffee shops which are to start their operation in Finland.
As the chain's logistics partner, Helsinki Foodstock will be responsible for the supply chain from suppliers to coffee shops. The agreement is estimated not to have a significant effect on Kotipizza Group's earnings in 2015.
"We believe strongly in the Espresso House concept and are proud to take part in bringing the chain to the Finnish market. What makes our co-operation especially natural is the fact that we are specialized in providing logistics services to chain-operated companies", says Anssi Koivula, CEO of Helsinki Foodstock and Chief Procurement Officer of Kotipizza Group.
Helsinki Foodstock offers sourcing, logistics and assortment services to the hotel, restaurant and catering industry and the food industry, as well as innovative food products to the retail sector. The company's major clients include the restaurants in the Kotipizza chain, Subway restaurants operating in Finland, as well as Rolls restaurants.
Espresso House is the largest coffee shop chain in the Nordic countries. The chain, founded in 1996, includes 190 restaurants in Sweden and Norway. The first Espresso House shops in Finland are to be opened in September in the Kamppi district in Helsinki and in the Sello shopping center in Espoo.
"We aim to build a nationwide chain of 40 coffee shops in Finland. The service provided by Helsinki Foodstock allows us to concentrate on our core business, on servicing our guests, and on growth", says Anssi Thureson, CEO of Espresso House Finland.
More information:
Tommi Tervanen, CEO, Kotipizza Group Oyj
tel. +358 207 716 743
Anssi Koivula, CEO, Helsinki Foodstock Oy, Chief Procurement Officer, Kotipizza Group Oyj
tel. +358 207 716 543
Antti Isokangas, CCO, Kotipizza Group Oyj
tel. +358 207 716 716
Kotipizza Group in brief
Kotipizza is a Finnish pizza chain founded in 1987. At the end of 2014, the number of restaurants stood at 260 restaurants. In 2014, the sales of Kotipizza restaurants were EUR 70.5 million. Kotipizza Group net sales were EUR 52.2 million for the financial year 2014 with an EBITDA of EUR 4.3 million respectively.
IMPORTANT DISCLAIMER
This announcement should not be construed as a prospectus or offering document and does not constitute or form part of an offer, invitation or solicitation of any offer, to subscribe for or purchase any securities in any jurisdiction. Investors should not subscribe for or purchase any shares in Kotipizza Group Oyj (the "Company") on the basis of or in reliance on the information in this announcement. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. The information in this announcement is subject to change. No obligation is undertaken to update this announcement or to correct any inaccuracies, and the distribution of this announcement shall not be deemed to be any form of commitment on the part of the Company to proceed with the IPO or any transaction or arrangement referred to herein. This announcement has not been approved by any competent regulatory authority.
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction where such offer or sale would be unlawful. This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, Singapore, or South Africa or to any other jurisdiction where such announcement or publication would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make an offering of the securities in the United States. Copies of this announcement are not being, and should not be, distributed in or sent into the United States.
In the United Kingdom, this announcement and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it.
This announcement and the offer when made are only addressed to and directed, in member states of the European Economic Area which have implemented the Prospectus Directive (each a "relevant member state"), other than Finland, at persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) and pursuant to the relevant implementing rules and regulations adopted by each relevant member state ("Qualified Investors"). Each person in the European Economic Area, other than Finland, who initially acquires securities or to whom any offer of securities may be made will be deemed to have represented, acknowledged and agreed that it is a Qualified Investor.
None of the Company or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or its subsidiaries, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
This announcement contains certain forward-looking statements. These forward-looking statements involve risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to these uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. The Company disclaims any obligation to update any forward-looking statements contained in this announcement, except as required pursuant to applicable law.
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