MTY Food Group Inc. announced that the closing of the transaction is expected to happen on or about March 1, 2018. Closing of the transaction remains subject to customary conditions. Following the closing Marie-Line Beauchamp, who is currently IRG's Chief Operating Officer Mikes/Pizza Delight, will lead the IRG team in replacement of Mr. Frank Hennessey, who will be leaving the company. On March 1, 2018, the board of directors of MTY Food Group Inc. will appoint Mr. Gary O'Connor as an additional director. Mr. O'Connor is a director of Imvescor and currently serves as the Chair and member of the audit and risk committee.