AmRest Holdings, owner of the KFC, La Tagliatella, Pizza Hut and Burger King chains, is set to move its headquarters from Poland to Spain next February, according to the agreement adopted in the extraordinary meeting held last October 5 with over 90% of the votes in favor.
The board of directors launched a motion at the end of July to transfer the registered offices to Pozuelo de Alarcón (Madrid). This move would not involve any change in the shareholders, apart from those who opted to take part in the exit plan in place for shareholders who voted against the motion.
The transfer does imply a modification of the statutes to adapt them to the European legislation, as the company is now registered in Spain, and the rights and obligations of the shareholders will be governed by Spanish law. The company will continue to be listed on the Warsaw stock exchange, and possibly also on another stock exchange in Western Europe.
AmRest has already reserved the name AmRest Holdings S.E. in the Company Registry, the same name it used in Poland. At the extraordinary meeting on October 5, at least 75% of the votes in favor were required to approve the transfer of the head office to Spain. This percentage was amply exceeded, so the motion was approved.
According to the schedule planned by the company, after obtaining approval from the European regulatory authorities, on January 19, 2018 the company will be entered in the Company Registry and the transfer will become effective on February 8. The company as such has no employees, and the workers in the group's companies will not be affected by this process.
AmRest is the largest independent restaurant group in Poland and the fifth operator in the sector in Spain, after Vips, Zena, The Eat Out and the Comess Group.
Last updated: 05|12|2017