DP Eurasia N.V Directorate Change (6726U)
November 27 2023 - 2:00AM
UK Regulatory
TIDMDPEU
RNS Number : 6726U
DP Eurasia N.V
27 November 2023
27 November 2023
DP Eurasia N.V.
("DP Eurasia" or the "Company")
Directorate Change
DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza
brand in Turkey, Azerbaijan and Georgia, today announces that Burak
Erta will step down from his role as Independent Non-Executive
Director, with effect from 1 February 2024, due to his role as CEO
of sahibinden.com requiring an increased time commitment. The Board
has started the search for a new INED, and will update on progress
accordingly.
Ahmet Ashabo lu, Chairman, said:
"On behalf of all DP Eurasia directors, I would like to thank
Burak for his professionalism, commitment, and valuable
contribution to the Board during his tenure as a Non-Executive
Director since his appointment in 2022. We wish him well for the
future".
Enquiries
DP Eurasia N.V.
İlknur Kocaer, CFA - Investor Relations
Director +90 212 280 9636
Buchanan (Financial Communications)
Richard Oldworth / Toto Berger/ Verity +44 20 7466 5000
Parker dp@buchanan.uk.com
Notes to Editors
DP Eurasia N.V. is the exclusive master franchisee of the
Domino's Pizza brand in Turkey, Azerbaijan, and Georgia. The
Company was admitted to the premium listing segment of the Official
List of the Financial Conduct Authority and to trading on the main
market for listed securities of the London Stock Exchange plc on 3
July 2017. The Company (together with its subsidiaries, the
"Group") is the largest pizza delivery company in Turkey. The Group
offers pizza delivery and takeaway/ eat-in facilities at its 691
stores (675 in Turkey, 10 in Azerbaijan and 6 in Georgia) as of 30
June 2023 and operates through its owned corporate stores (12%) and
franchised stores (88%). In addition to its pizza delivery
business, the Group also has its own coffee brand, COFFY, which
trades from 51 stores at period-end, 38 of which are franchised.
The Group maintains a strategic balance between corporate and
franchised stores, establishing networks of corporate stores in its
most densely populated areas to provide a development platform upon
which to promote best practice and maximise profitability.
In line with the announcement on 21 August 2023, the Company has
initiated the steps to file for DP Russia's bankruptcy. This was
preceded by the announcement on 28 December 2022, which confirmed
that the Company was evaluating its presence in Russia, the impact
of sanctions and its continuing ability to serve its customers in
Russia. In this connection, the Russian segment was classified as
discontinued operations within the Company's audited financial
statements for the year ended 31 December 2022.
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END
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