Partial Takeover Offer Closes and is Declared Unconditional
NZX/ASX Announcement
27 March 2019
Partial Takeover Offer Closes and is Declared Unconditional
On 10 December 2018, Finaccess Capital, S.A. de C.V. (“Finaccess Capital”), through its subsidiary
Global Valar S.L., made a partial takeover offer for up to 75% of Restaurant Brands New Zealand
Limited’s (NZX/ASX: RBD, “Restaurant Brands”) shares at NZ$9.45 cash per share (the “Partial
Takeover”).
The Partial Takeover closed at 11.59pm yesterday. Finaccess Capital has informed Restaurant
Brands that it has declared the Partial Takeover unconditional in all respects and, in total, it received
acceptances to the Partial Takeover for 91.35% of Restaurant Brands’ shares.
1
As total acceptances
exceed 75% of Restaurant Brands’ shares, acceptances of the Partial Takeover will be scaled in
accordance with the Takeover Code. The scaling procedure is explained in Restaurant Brands’
target company statement, which is available at:
http://www.restaurantbrands.co.nz/restaurant-brands-target-company-statement/
.
Finaccess Capital has informed Restaurant Brands that it intends to complete the Partial Offer and
pay shareholders for shares taken up under the Partial Takeover on 1 April 2019.
Ends
For more information regarding Restaurant Brands
Please contact:
Grant Ellis
Company Secretary
+64 9 525 8700
Russel Creedy
Chief Executive Officer
+64 9 525 8700
For more information regarding Finaccess Capital
Please contact:
Begoña Orgambide
Director of Investor Relations
+52 55 5540 2527 (ext. 1152)
Geoff Senescall
PR Adviser
+64 21 481234
1
It is possible that total acceptances may increase, as under the terms of the Partial Takeover, Finaccess Capital may accept
acceptance forms received after the closing date which are post marked on or prior to the closing date.
RESTAURANT BRANDS NEW ZEALAND LIMITED
About Restaurant Brands
Restaurant Brands is a corporate franchisee and specialises in managing multi-site branded food
retail chains. Listed on the NZX and the ASX, Restaurant Brands has annual sales of c.NZ$740
million. As of February 2018, Restaurant Brands had 314 stores: 94 KFC New Zealand, 61 KFC
Australia, 36 Pizza Hut New Zealand, 22 Starbucks (which Restaurant Brands sold on 23 October
2018), 19 Carl's Jr., 37 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs more than 9,000
staff across New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day.
www.restaurantbrands.co.nz
About Finaccess Capital
Finaccess Capital is a growing company with a strong presence in the casual dining and quick
service restaurant sector, as well as in the real estate business, in close to 20 countries in Europe
and Asia. The company supports strong brands in attractive markets, working to maximise their
potential and create value with a uniquely long-term horizon, while leveraging its expertise to
contribute to their operations. Finaccess Capital’s current major investments in public companies
include a controlling interest in AmRest, a European casual dining and quick service restaurant
operator, and a minority interest in Inmobiliaria Colonial, a Spanish real estate business.
Finaccess Capital is part of Grupo Finaccess, which includes several other companies and holds
assets in Mexico, the US, Europe and Asia, offering a unique portfolio of financial, operative, and
investment services to a diverse client base.
www.grupofinaccess.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.