The Management Board of AmRest Holdings SE (“AmRest”, the “Company”) informs about signing on May 20th, 2016 the distribution agreement (“the Agreement”) between AmRest’s subsidiaries – AmRest Kft and AmRest Kávézó Kft (jointly “AmRest’s subsidiaries”) and Quick Service Logistics Hungaria Bt („QSL”, “Distributor”).
On the basis of the Agreement QSL will deal with purchasing, warehousing and sale of products for the restaurants operated by AmRest’s subsidiaries in Hungary.
Estimated value of the contract is PLN 167 million (HUF 12 billion). The Agreement has been signed for a period from May 30th, 2016 to May 31st, 2019with an option to extend the term for an additional two years.
Signing of the Agreement is a result of the Company's strategy aimed at consolidating the distribution in Central and Eastern Europe.
The Agreement has been considered as significant because of its value, which exceeds 10% of AmRest equity as of March 31st, 2016.
§ 5 (1) (3) of the Ordinance of the Minister of Finance on Current and Periodical Information Submitted by Issuers of Securities and the Requirements for the Recognition as Equivalent of the Information Required under the Laws of Non-Member Countries of 19th February 2009 (Dz.U. 2014 item 133)