The Management Board of AmRest Holdings SE (“AmRest”, “the Company”) informs about signing on January 22nd, 2016 the termination of the Distribution Agreement concluded on April 17th, 2008 between AmRest Kft (formerly American Restaurants Kft) and AmRest Kávézó Kft (together called “AmRest Hungary”) and LDS Disztibútor Szolgáltató Kft (formerly Lekkerland Export-Import Kft, hereinafter “Distributor”) (“Agreement”). The Agreement was published in the regulatory announcement RB 23/2008 dated April 18th, 2008.
The subject of the Agreement were distribution services provided by Distributor to the restaurants operated by AmRest Hungary.
Dissolution of the Agreement shall be effective on June 1st, 2016.
The agreement was terminated by AmRest Hungary due to the Company's strategy of consolidating the distribution in Central and Eastern Europe. Termination of the Agreement will not have financial consequences for the Company, as well as its subsidiaries (including AmRest Hungary).
§ 5 (1) (5) 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)