RB 12/2012 Agreements on the Assignment of Receivables, Set-Off Agreement and the Capital Increase in AmRest Capital Zrt.

The Management Board of AmRest Holdings SE ("AmRest") announces the signing on 16th April 2012 the agreements on the assignment of receivables and the set-off agreement concluded between AmRest Sp.  z o.o. (AmRest Sp. z.o.o. is 100 % owned subsidiary of AmRest Holdings SE) and AmRest Capital Zrt. based in Budapest, Hungary, whose sole shareholder is AmRest Sp. z o.o.

The subject of the agreements on the assignment of receivables is the transfer by AmRest Sp. z o.o. to AmRest Capital Zrt. the rights to loan receivables under the loan agreements, concluded by AmRest Sp. z o.o. as lender, and which rights AmRest Sp. z o.o. has in relation to the following entities in the AmRest group: AmRest TAG S.L.U., Pastificio Service S.L.U., Restauravia Food S.L.U. and AmRest Holdings SE ("Agreements on the Assignment of Receivables "). The total value of receivables under the Agreements on the Assignment of Receivables is EUR 93 757 569,46.

Simultaneously, on 16th April 2012 AmRest Sp. z o.o., as the sole shareholder of AmRest Capital Zrt., adopted the resolution regarding the reserve capital increase, in which AmRest Sp. z o.o. committed to increase the reserve capital of AmRest Capital Zrt. by the amount of EUR 93 757 569,46.

The subject of the set-off agreement is offsetting the obligation of AmRest Capital Zrt. in relation to AmRest Sp. z o.o.  i.e. the payment of remuneration specified in the Agreements on the Assignment of Receivables  with the obligation of AmRest Sp. z o.o. in relation to AmRest Capital Zrt.  due to the above-mentioned resolution on the reserve capital increase of AmRest Capital Zrt.

The conclusion of these agreements is related to the improvement of management of cash flow between the companies of the AmRest group.

Legal basis:

Legal basis - Art. 56 sec. 1 point. 2 of the Act on Public Offering