Guzman y Gomez Chair Guy Russo executes $35.5 million share sale

• Guzman y Gomez Chair Guy Russo sold 1,394,250 shares via an off-market block trade for total proceeds of $35.55 million.
• The transaction took place at $25.50 per share, reducing his total equity holding from 6.08 million shares to 4.69 million shares.
• Russo retains 77% of his previous equity holding and confirmed his ongoing commitment to leading the fast-food network.

Guzman y Gomez Limited (ASX:GYG) Chair Guy Russo has sold 1.39 million shares through an off-market block trade valued at $35.55 million.

The transaction represents a sell-down of 23% of his prior holding, leaving him with 4.69 million shares in the quick-service restaurant chain.

"GYG's long-term strategy continues to have my full confidence, and my commitment as Chair is unchanged," said Guzman y Gomez Chair Guy Russo.

Russo, who backed the business 17 years ago prior to its 2024 stock market debut, executed the sale at $25.50 per share.

"I intend to remain as a significant long-term shareholder in GYG and am committed to ensuring the ongoing success of the business for many years to come," said Guzman y Gomez Chair Guy Russo.

Guzman y Gomez operates its network across Australia, Singapore and Japan.

Following the off-market transaction, the chair and board leader ceased to be listed as a substantial holder in the business.

Following the announcement, the Guzman y Gomez share price was up at $27.30.