Rosinter Restaurants Holding Buys Its Shares from RIG Restaurants Ltd
OREANDA-NEWS. December 28, 2007. OJSC Rosinter Restaurants Holding announced that 1.22%of its shares have been bought from its parent company, RIG Restaurants Ltd, by RosinterRestaurants LLC, its 98.7% owned subsidiary. These shares are tentatively designated foruse in a future employee stock option plan (ESOP) that is currently under consideration, the company's press service announced.
OJSC Rosinter Restaurants Holding is the leading casual dining restaurant company inRussia and the CIS, which currently (December 27th 2007) operates 229 restaurants,
including 49 franchised restaurants. In 2006 it served approximately 12.5 million customers inRussia, the CIS and Central Europe, including Baltic countries. The Company offers Italian,Japanese, American and Russian cuisine under its proprietary brands IL Patio, Planet Sushi and 1-2-3 Cafe and its licensed brands T.G.I. Friday’s and Sibirskaya Corona. Following theopening of its first restaurant in Moscow in 1990, the Company operates in 24 cities in Russia, the CIS and Central Europe, including Baltic countries. Rosinter reported consolidatedrevenues of US$ 218.6 million, in accordance with IFRS accounts, for the twelve monthsended December 31, 2006.
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