Finaccess boosts stake in Restaurant Brands to over 81%
Finaccess Restauración, S.L. (Finaccess) has announced a substantial increase in its holding of Restaurant Brands New Zealand Limited (Restaurant Brands), reaching 81.384% of the company's voting products as of October 15, 2025. This marks an increase from its previous holding of 79.745% reported on September 30, 2025. The total number of Restaurant Brands shares held by Finaccess now stands at 101,533,043 out of 124,758,523 total shares in the class.
The change in Finaccess's stake follows a full cash takeover offer initiated on October 14, 2025, to acquire all Restaurant Brands shares it did not already own. A key part of this acquisition was the acceptance by Accident Compensation Corporation (ACC) of the offer for its 5,897,236 shares on October 15, 2025, in line with a lock-up deed signed on September 30, 2025. Additionally, other shareholders accepted the offer for a further 2,044,388 shares on October 14 and 15, 2025.
As of 11:59 pm (NZT) on October 15, 2025, Finaccess directly owned 93,591,419 Restaurant Brands shares, representing 75.018%. Furthermore, Finaccess has received acceptances for an aggregate of 7,941,624 Restaurant Brands shares from ACC and other shareholders, with payment pending as per the offer terms. Upon payment, Finaccess will become the registered and beneficial owner of these additional shares, solidifying its dominant position in Restaurant Brands.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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