Fides Food Systems Cooperatief U.A. VALUE REALISATION FOR STAKE IN DP EURASIA N.V. (4125D)
June 26 2019 - 2:00AM
UK Regulatory
TIDMDPEU
RNS Number : 4125D
Fides Food Systems Cooperatief U.A.
26 June 2019
IMPORTANT NOTICE
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED BY THE MARKET ABUSE
REGULATION (EU) 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE
UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND
WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION
TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES
OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.
THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA,
JAPAN AND AUSTRALIA.
FOR IMMEDIATE RELEASE
26 June 2019
FIDES FOOD SYSTEMS COOPERATIEF U.A.
REVIEW OF VALUE REALISATION OPTIONS FOR STAKE IN DP EURASIA
N.V.
TPEF II L.P., the private equity fund, announces its decision to
consider value realisation options for Fides Food Systems
Coöperatief U.A. ("Fides"), which holds its remaining equity
investment in DP Eurasia N.V. ("DP Eurasia"). Fides has been
invested in DP Eurasia since 2010.
DP Eurasia is the exclusive master franchisee of Domino's Pizza
Inc. in Turkey, Russia, Azerbaijan and Georgia and is admitted to
the premium listing segment of the Official List maintained by the
Financial Conduct Authority and to trading on the London Stock
Exchange.
Following the listing of DP Eurasia in July 2017, Fides sold
shares representing approximately 10% of the issued share capital
of DP Eurasia in an accelerated bookbuild offering in February 2019
and currently holds shares representing 32.8% of the issued share
capital.
The options currently being considered include a managed sale of
up to 29.9% of the issued share capital in DP Eurasia through a
sale of Fides. The evaluation of options is at a preliminary stage
and there can be no certainty as to the nature or structure of any
transaction (including the number of shares that may be sold) or
that any transaction will take place.
Enquiries:
Canaccord Genuity Limited
George Fleet Tel: +44 (0) 20 7523 8000
The distribution of this announcement may, in certain countries,
constitute a breach of applicable laws.
With respect to the Member States of the European Economic Area
which have implemented Directive 2003/71/EC as amended (together
with any applicable implementing measures in any member state, the
"Prospectus Directive") (each a "Relevant Member State"), no action
has been undertaken or will be undertaken to make an offer to the
public of the securities referred to herein requiring the
publication of a prospectus in any Relevant Member State. As a
result, these securities may only be offered or sold in any
Relevant Member State pursuant to an exemption under the Prospectus
Directive.
This announcement is only addressed to, and directed at, persons
in Relevant Member States who are "qualified investors" within the
meaning of article 2(1)(e) of the Prospectus Directive ("Qualified
Investors").
In the United Kingdom, this announcement is directed only at,
Qualified Investors (i) who are "investment professionals" falling
within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"), or (ii)
persons falling within article 49(2)(a)-(d) ("high net worth
companies, unincorporated associations etc") of the Order (all such
persons together being referred to as "Relevant Persons"). Under no
circumstances should persons who are not Relevant Persons rely or
act upon the contents of this announcement. Any investment or
investment activity to which this announcement relates in the
United Kingdom is available only to, and will be engaged only with,
Relevant Persons.
Canaccord Genuity Limited ("Canaccord Genuity"), is authorised
and regulated by the Financial Conduct Authority and is acting for
Fides and for no-one else in connection with the transaction
referred to herein and will not be responsible to anyone other than
Fides for providing the protections afforded to clients of
Canaccord Genuity, or for providing advice in relation to the
transaction referred to herein, the contents of this announcement
or any transaction, arrangement or other matter referred to in this
announcement.
Canaccord Genuity does not accept any responsibility whatsoever
and makes no representation or warranty, express or implied, for
the contents of this announcement, including its accuracy,
completeness or verification. Nothing in this announcement is or
shall be relied upon as a promise or representation in this
respect, whether as to the past or future. Canaccord Genuity
accordingly disclaims to the fullest extent permitted by law all
and any responsibility and liability, whether arising in tort,
contract or otherwise, which they might otherwise have in respect
of this announcement and any such statement.
This announcement includes forward-looking statements, which are
based on current expectations and projections about future events.
Forward-looking statements may and often do differ materially from
actual results. Any forward-looking statements reflect TPEF II
L.P.'s current view with respect to future events and are subject
to risks relating to future events and other risks, uncertainties
and assumptions. TPEF II L.P. expressly disclaims any obligation or
undertaking to update, review or revise any forward looking
statement contained in this announcement whether as a result of new
information, future developments or otherwise. You are cautioned
not to place undue reliance on forward-looking statements, which
speak only as of the date they are made.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLLFSARLIEFIA
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