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TASTE HOLDINGS LIMITED - Dominos Pizza Master Franchise Agreement Update

Release Date: 20/05/2014 10:26
Code(s): TAS     PDF:  
Wrap Text
Domino’s Pizza Master Franchise Agreement Update

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company”)


DOMINO’S PIZZA MASTER FRANCHISE AGREEMENT UPDATE


Shareholders are advised that certain local aggrieved parties, who were unsuccessful in previous
negotiations with Domino’s Pizza International, are objecting to the validity of Taste’s recently secured
rights to Domino’s Pizza as announced by both Domino’s Pizza International and Taste on 10 April 2014.
The application has cited Domino’s Pizza International as the Main Respondent and Taste as Second
Respondent. Taste received notification of the objection on the afternoon of 19 May 2014, and the legal
merits of the objection are currently being investigated by both Domino’s Pizza International and Taste. It
has however, been confirmed that none of the aforementioned parties have, or had, a written agreement
with Domino’s Pizza International. Notwithstanding this, the Board of Directors of Taste feel it prudent to
inform shareholders timeously of the objection and will update shareholders in due course of further
developments in this regard.


Johannesburg
20 May 2014

Sponsor
Merchantec Capital

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