OAKVILLE, ON, Sept. 1, 2015 /CNW/ - Restaurant Brands International Inc. (TSX/NYSE: QSR) ("RBI") announced today that its board of directors has authorized the repurchase of up to 150,000 of its common shares on the open market in connection with a recently established employee stock purchase plan for the benefit of certain employees of enumerated RBI entities.
Under the plan, eligible employees may contribute up to a maximum of 10% of their compensation towards the purchase of RBI common shares. The plan provides that RBI common shares available to satisfy such contributions will be acquired by agents of RBI in the open market.
About Restaurant Brands International
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $23 billion in system-wide sales and over 19,000 restaurants in approximately 100 countries and U.S. territories. RBI owns two of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS® and BURGER KING®. These independently operated brands have been serving their respective guests, franchisees and communities for over 50 years. To learn more about RBI, please visit the company's website at www.rbi.com.
This press release includes forward-looking statements, which are often identified by the words "may," "will" or similar expressions and reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statements about RBI's expectations and belief regarding its normal course issuer bid purchases. The factors that could cause actual results to differ materially from RBI's expectations are detailed in filings of RBI with the U.S. Securities and Exchange Commission and the securities regulatory authorities in each province and territory of Canada, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to RBI's substantial indebtedness, which could adversely affect its financial condition and prevent it from fulfilling its obligations. RBI undertakes no obligation to update forward-looking statements to reflect new information or the occurrence of future events or circumstances after the date hereof.
SOURCE Restaurant Brands International