The boards of Takeaway.com N.V. and Just Eat plc are announced that they have reached agreement on the terms of a recommended all-share combination to be effected by means of a scheme of arrangement between Just Eat and the Just Eat Shareholders. Upon completion of the Combination, it is intended that the name of the Combined Group will be Just Eat Takeaway.com N.V. Following completion of the Combination, it is intended that the Combined Group will have a two-tier board structure. In this regard, the Management Board and Supervisory Board of the Combined Group will comprise a mixture of members from the Takeaway.com Boards and from the Just Eat Board, namely for the Management Board of the Combined Group: Jitse Groen, currently CEO of Takeaway.com, will assume the role of CEO of the Combined Group.

Paul Harrison, currently CFO of Just Eat, will assume the role of CFO of the Combined Group. Brent Wissink, currently CFO of Takeaway.com, will assume the role of Co-COO of the Combined Group and Jörg Gerbig, currently COO of Takeaway.com, will assume the role of Co-COO of the Combined Group; and for the Supervisory Board of the Combined Group: Mike Evans, currently the chairman of Just Eat, will assume the role of chairman of the Supervisory Board, Adriaan Nühn, currently the chairman of the Takeaway.com Supervisory Board, will assume the role of vice-chairman of the Supervisory Board and senior independent non-executive director of the Combined Group.