FAT Brands Inc. Announces Quarterly Dividend
June 27 2018 - 4:05PM
Business Wire
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT
Brands” or the “Company”), a leading global restaurant franchising
company, today announced that its Board of Directors has declared a
quarterly dividend of $0.12 per share of common stock. The dividend
is payable on July 16, 2018 to stockholders of record as of the
close of business on July 6, 2018.
The Company also intends to launch a Dividend Reinvestment Plan
(“DRIP”), under which interested stockholders may reinvest all or a
portion of their cash dividends in additional common shares of FAT
Brands without paying any brokerage commission or service charge.
The DRIP will be administered by the Company’s transfer agent,
which will distribute plan enrollment materials and information to
stockholders in the coming weeks. The Company’s controlling
stockholder, Fog Cutter Capital Group, intends to reinvest its cash
dividend into the Company as provided under the DRIP thereby
allowing the Company to retain capital to continue its growth
plans.
The declaration and payment of future dividends, as well as the
amount thereof, are subject to the discretion of the Company’s
Board of Directors. The amount and size of any future dividends
will depend upon the Company’s future results of operations,
financial condition, capital levels, cash requirements and other
factors. There can be no assurance that the Company will declare
and pay dividends in future periods.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company
that strategically acquires, markets and develops fast casual and
casual dining restaurant concepts around the world. The Company
currently owns five restaurant brands, Fatburger, Buffalo’s Cafe,
Buffalo’s Express and Ponderosa & Bonanza Steakhouses, that
have approximately 300 locations open and 300 under development in
32 countries. For more information, please visit
www.fatbrands.com.
Forward Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to the Company’s future
financial and operating results and cash flow, expected growth in
the Company’s portfolio of brands, and its intention and ability to
declare and pay future dividends. The Company’s future financial
performance may differ materially from that expressed or implied in
these forward-looking statements. We refer you to the documents
that we file from time to time with the Securities and Exchange
Commission, including our recent Offering Statement on Form 1-A and
our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion
of these and other risks and uncertainties that could cause our
actual results to differ materially from our current expectations
and from the forward-looking statements contained in this press
release. We undertake no obligation to update any forward-looking
statement to reflect events or circumstances occurring after the
date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180627006191/en/
Investor Relations:ICRAlexis Tessier,
203-682-8286IR-FATBrands@icrinc.comorMedia Relations:Konnect
AgencyShelby Robinson,
213-988-8344srobinson@konnectagency.comorRebecca Campbell,
213-988-8344rcampbell@konnectagency.com
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