May 16, 2018 / 6:36 AM / 2 months ago

BRIEF-Telepizza: Pizza Hut To Have A Call Option Over Telepizza Distinctive Signs

May 16 (Reuters) - Telepizza Group Sa:

* PIZZA HUT TO HAVE A CALL OPTION OVER BARE OWNERSHIP OVER THE TELEPIZZA DISTINCTIVE SIGNS, EXERCISABLE ON Y3 + 18 MONTHS

* SAYS TO MAINTAIN CURRENT DIVIDEND POLICY

* GRADUAL CONVERSION OF TELEPIZZA STORES TO PIZZA HUT WITH FULL FLEXIBILITY IN SPAIN, PORTUGAL

* TARGETS 2021 UNDERLYING EBITDA AROUND 100 MILLION EUROS

* TARGETS AVERAGE ANNUAL CAPEX BY 2021 OF ABOUT 40 MILLION EUROS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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