El Pollo Loco repurchases 1.53M shares from Freeman Spogli at $9.785; terminates TRA for $399k

El Pollo Loco Holdings, Inc.

Repurchased 1,534,303 shares at $9.785/share (5% discount to May 23 close), total ~$15.0M from Freeman Spogli entities.
Repurchase closed May 29, 2024; John Roth (former director) is exec at Freeman Spogli, the managing entity.
Terminated Income Tax Receivable Agreement with same sellers for $398,895.50 cash payment.
Prior repurchases from same sellers: 1.5M shares in Nov 2023 and 2.5M shares in Aug 2023.
Repurchase reduces outstanding shares by ~4.3%; funded from available cash.

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