Page 126 - Restamax Plc Annual Report 2017

38 KEY EVENTS OCCURRING AFTER THE CLOSING DATE

Restamax Plc’s subsidiary engaging in the labour hire business purchased the entire shareholding of Kymppi Service Oy
with a deed of sale dated 18 January 2018. The right of ownership and management was transferred on 1 February 2018.

On 22 January 2018, Restamax announced plans to revamp its organisation and the structure of its Executive Team. Restamax’s
operational organisation was divided into three business units: Nightclubs, Food restaurants, and Pubs&Entertainment,
each with their own responsible director. The position of Chief Procurement Officer (CPO) was established to strengthen
purchasing operations and the efficiency thereof. The roles of sales and marketing strategy were increased in the organisa-
tion and, for that purpose, the position of Chief Commercial Officer (CCO) will be established.

On 13 March 2018, Restamax communicated that the Board of Directors has decided to review and evaluate the listing of
the labour hire business comprising its subsidiary Smile Henkilöstöpalvelut Oy and its subgroup on the Nasdaq Helsinki
Ltd Stock Exchange. The evaluation process will be carried out during spring 2018.
Restamax Plc’s subsidiary engaging in the labour hire business, Smile Henkilöstöpalvelut Oy, bought 80% of the share
capital of Adicio Oy. The right of ownership and management will transferred on 3 April 2018.

On 23 March 2018, Restamax communicated that it will expand its restaurant business operations to Denmark, where it
will operate through its subsidiary Restamax Operations Denmark. The company will buy over 90% of the Danish Cock’s
& Cows and The Bird companies. Ownership will be transferred on 4 April 2018.

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