RB 125/2017 Amendment to Binding Head of Terms between AmRest, Yum Restaurants International Holding, Ltd and Pizza Hut Delivery Germany GmbH
30-05-2017

In regards to RB 53/2017 dated March 27th, 2017, the Management Board of AmRest Holdings SE (“AmRest”, the “Company”) informs about signing on May 30th, 2017 the Amendment to Binding Head of Terms (“HoT”) determining the key terms and conditions on, and subject to which, Yum Restaurants International Holding, Ltd (“YRIHL”) and Pizza Hut Delivery Germany GmbH (“PH Delivery”) would be willing to proceed with a potential transaction with AmRest, whereby the Company would become Pizza Hut master franchisee for Germany and acquire two Pizza Hut delivery stores.

The Amendment extends the term of HoT, and simultaneously the period during which the agreements required for the acquisition of the equity business from PH Delivery and the Master Franchise Agreement with YRIHL shall be executed to July 31th, 2017. If the parties fail to execute the Agreements by that day, the HoT will terminate immediately.

Remaining provisions of the HoT have not changed.

Legal act:

Art. 17 Sec. 1 of Regulation (EU) No 596/2014 of The European Parliament and of The Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

 

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