Pillar II private pension fund Metropolitan Life, which manages RON22 billion assets for 1.1 million Romanians, now owns 6.592% in Sphera Franchise Group (SFG.RO), the operator of the restaurant franchises KFC, Pizza Hut and Taco Bell in Romania.
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has announced that on April 29 its shareholders approved the distribution of a gross dividend of RON1.09 per share from the net result carried forward and related to financial years 2023-2024.
Financial investment company Transilvania Investments Alliance (TRANSI, the former SIF Transilvania) has sold its ownership stake in Sphera Franchise Group (SFG.RO), which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, as well as the KFC units in Italy and the Republic of Moldova.
Sphera Franchise Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, will benefit from the Issuer's Market Maker (IMM) services provided by BRK Financial Group (BRK), starting August 24, 2021, in order to increase the liquidity of shares traded on the Bucharest Stock Exchange.
Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, has approved the proposal of its Board of Directors to disburse more than RON35 million dividends from the undistributed profit of 2019 and 2020 and set the gross dividend/per share of RON0.9.
The impact of the pandemic on the food service business is really hard to gauge at the moment, says Calin Ionescu, chief executive officer of Sphera Franchise Group, one of the leading actors on the restaurant market.