Finaccess moves to full control of Restaurant Brands

Finaccess Restauración, S.L. has secured acceptances for its takeover offer for Restaurant Brands New Zealand Limited (RBD), surpassing the 90% control threshold. This allows Finaccess to compulsorily acquire all remaining shares at NZ$5.05 per share, non-negotiable under the Takeovers Code. The offer officially closes at 11:59 pm on 25 November 2025.

Shareholders who accept the offer will receive payment within five working days of Finaccess receiving their acceptance. Those who wait for the compulsory acquisition process could face delays of up to 40 working days after the offer period ends. RBD expects to be suspended from trading five working days after the compulsory acquisition begins, followed by delisting two trading days later.

The committee of independent directors of Restaurant Brands recommends that unitholders who have not yet accepted the offer, and wish to avoid the extended compulsory acquisition process, do so as soon as possible. RBD will appoint Computershare Investor Services Limited to manage the trust account holding the compulsory acquisition funds.