Panostaja Oyj

Management Reports • Aug 21, 2019

Disclosure 374185

Panostaja Oyj - Inside information

Panostaja’s investment target Grano to begin employer-employee negotiations

Panostaja Oyj Stock Exchange Bulletin, Insider Information August 21, 2019 10 am

Panostaja’s investment target Grano to begin employer-employee negotiations

Grano Group, which belongs to Panostaja Group, will begin employer-employee negotiations targeted at all Grano Oy’s operations and some of the operations of the parent company Grano Group Oy. According to a preliminary estimate, the reorganizations may lead to the full-time or part-time lay-off or dismissal of up to 140 people. The negotiations will also cover changes in job descriptions. In the event that any measures are taken, the aim is to implement them by January 31, 2020.

Grano Group needs to continuously improve its competitiveness and develop its operations on the ever-changing markets. For this reason, Grano Group’s management is currently planning operational reorganizations.

Panostaja Oyj

Tapio Tommila

CEO

Further information:

CEO Juha Sarsama, Grano Oy, +358 40 774 2099

CEO Tapio Tommila, Panostaja Oyj +358 40 527 6311

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja strives to increase shareholder value and create Finnish success stories. Panostaja has a majority holding in eight investment targets. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. In the 2018 financial year, the Group’s net sales totaled MEUR 199.7.

www.panostaja.fi