Sphera Franchise Group plans to open 6 more KFC restaurants in Romania, focusing on restaurant remodeling and implementing digital ordering solutions such as digital kiosks.
After several years of losses, the company operating the KFC, Pizza Hut, and Taco Bell chains will distribute cash to shareholders. The Board of Directors of Sphera Franchise Group (SFG) has convened the General Meeting of Shareholders for April 26, with the agenda including cash distribution from undistributed profits for the years 2020-2023.
Thus, the company is set to distribute, with a payment date of June 6, a gross dividend of 1.05 RON/share. Calculated at the net level and based on the last closing price of 28.20 RON/share on the Bucharest Stock Exchange (BVB), this would provide shareholders with a yield of 3.43%, which is less than 1% per year.
The Extraordinary General Meeting of Shareholders also includes a vote for contracting a credit facility worth 3.50 million EUR from Citibank Europe, as well as for providing the related guarantees for this loan.
Frequently Asked Questions
How many new KFC locations are planned for Romania?
Sphera Franchise Group plans to open 6 additional KFC restaurants as part of its current expansion strategy.
What is the proposed dividend amount for SFG shareholders?
The proposed gross dividend is 1.05 RON per share, derived from undistributed profits between 2020 and 2023.
Which brands are operated by Sphera Franchise Group?
The group operates the KFC, Pizza Hut, and Taco Bell franchise chains within the Romanian market.