Bucharest, August 26th, 2024 – ARIR (the Romanian Investor Relations Association), the promoter of the Investor Relations (IR) concept, announces that Sphera Franchise Group (BVB symbol: SFG), the largest group in the food service industry in Romania, is joining the ARIR community as Associate Member. Sphera Franchise Group is one of the 16 companies out of the 80 evaluated from the Main Market of the Bucharest Stock Exchange that received the maximum score, 10, for investor communication at the annual VEKTOR by ARIR assessment. Additionally, the company’s shares registered favorable price and liquidity developments in recent years.
Valentin Budeș, CFO, Sphera Franchise Group:
„Ongoing improvement in investor communication is a priority for us and this has been also evidenced by the awards received at the Gala by ARIR, based on the votes of institutional investors. Joining the ARIR community aligns with our continuous focus on transparency, which is essential for building a trustful relationship with shareholders for the development of the business.”
Daniela Maior (Șerban), President and Co-Founder, ARIR:
“We are pleased to welcome a new company from the BET index to ARIR to strengthen the expertise within our community and consolidate the views of the most active listed companies. ARIR is the first platform in Romania dedicated to education, interaction, and advocacy in the field of Investor Relations, which, over the past nearly six years, has been involved in numerous initiatives for the development of the capital market.”
Sphera Franchise Group owns the franchise operations for the KFC, Pizza Hut, and Taco Bell brands in Romania, the KFC brand in Chișinău, Moldova, and is the largest operator of the KFC brand in Italy. The group operates over 170 restaurants across these three markets and employs approximately 5,000 people. Sphera Franchise Group has been listed on the Bucharest Stock Exchange since November 2017. SFG shares are included in the local benchmark indices BET and BET-TR and MSCI indices for Frontier Markets.
ARIR members are among the largest companies in Romania, which share the objective of implementing best practices of transparency, investor communication, and corporate governance.
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About the Romanian Investor Relations Association (ARIR):
ARIR is the promoter of the Investor Relations (IR) concept in Romania and we believe that by following standards of transparency, corporate governance and proactivity in communicating with investors, our members will benefit from added value, attract funding more easily, have the reputation and trust necessary for the continued development of their business.
The Romanian Investor Relations Association – ARIR was founded at the initiative of Daniela Maior Serban in November 2018 together with the founding members: Bucharest Stock Exchange (BVB), ALRO, Franklin Templeton Management – București, Hidroelectrica, Nuclearelectrica, Teraplast, Transelectrica, and Tony Romani. The following companies have joined the community: Electrica, OMV Petrom, Antibiotice, Purcari, Salt Bank, BRK Financial Group, Banca Transilvania, Transgaz, MedLife, Romcarbon, Farmaceutica REMEDIA, Autonom, IMPACT Developer & Contractor, One United Properties, Transport Trade Services, Patria Bank, Connections Consult, BRD – Groupe Société Générale, Rompetrol, Agista, Mecanica Fină, AQUILA , Bento, ROMGAZ, DN AGRAR and Sphera Franchise Group as Associate Members. ENVISIA, RTPR, Mazars, Marsh Broker de Asigurare – Reasigurare and Dentons became Affiliated Members.
More information about ARIR: www.ir-romania.ro.