AmRest Holdings S.E. — M&A Activity 2018

Jul 18, 2018

RB 39/2017 Investment in Shares of Glovoapp23, S.L.;AmRest Holdings SE("AmRest", the "Company") announces signing on July 17th, 2018 theShareholders' Agreement, Subscription Agreement and Share PurchaseAgreement (altogether: "Agreements") with Glovoapp23, S.L., based inBarcelona, Spain ("Glovo") and its existing and new shareholders. Basedon the Agreements AmRest will acquire a tranche of newly issued sharesin Glovo as well as purchase a portion of existing shares from certainshareholders of Glovo ("Investment"). As a result of the Investment inthe total amount of EUR 25 million, AmRest will become co-lead investorholding 10% of total number of Glovo shares. The Investment will assureAmRest a board seat in Glovo.;Glovo is one of the key players in digitalfood delivery on the Spanish market. It is an application that allows tobuy, collect and send any product within the same city at a time. It hasmore than 1 million users and 5,600 associated partners. In Spain, theservice is available in the urban areas of 21 cities.;Internationally,Glovo operates in the main capital cities in Europe and EMEA, and alsoin 9 countries of LATAM. Currently Glovo is present in 61 cities of 17countries throughout the world.;Taking into consideration the growingimportance and impact of digital technologies in the consumerfoodservice sector and increasing market share of online food-orderingchannel, the Board of Directors of AmRest believes that the partnershipwith Glovo will strengthen the Company's position in the aggregator anddelivery segment. Another investment into digital ventures is a naturaldecision embodying the AmRest's strategy of achieving the leadingposition on all the markets of AmRest operation in both dine-in anddelivery segment.;Legal act: Art. 17 Sec. 1 of Regulation (EU) No596/2014 of The European Parliament and of The Council of 16 April 2014on market abuse (Market Abuse Regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC