DP Poland PLC Possible Transaction and Suspension (2909V)
August 06 2020 - 2:00AM
UK Regulatory
TIDMDPP
RNS Number : 2909V
DP Poland PLC
06 August 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 ("MAR").
6 August 2020
DP Poland plc
("DP Poland" or the "Company")
Possible Transaction and Suspension
DP Poland is pleased to announce that an application with the
Polish Competition Authority will be filed today, and subsequently
a notification that the application has been made will be published
on the Polish Competition Authority's website, in respect of the
possible acquisition (the "Acquisition") of the entire issued (and
to be issued) share capital Dominium S.A. ("Dominium"), a Polish
pizza restaurant group. As a result of the Acquisition, it is
anticipated that Dominium's largest shareholder, Accession
Mezzanine Capital III L.P., will acquire direct or indirect
majority control of the Company's shares.
The Company has entered into a non-binding letter of intent to
enter into advanced discussions with Dominium regarding the
potential Acquisition. In addition to the competition authority
approval, the proposed Acquisition is subject to, inter alia, due
diligence, the execution of a share purchase agreement, the
publication of an admission document by the Company and all
necessary shareholder and regulatory approvals.
If completed, the Acquisition is expected to constitute a
reverse takeover of the Company under AIM Rule 14.
Accordingly, the Company's shares have today been suspended
pursuant to AIM Rule 40.
The Company's shares will remain suspended until such time as
the Company publishes an admission document or discussions in
relation to the possible reverse takeover transaction cease.
Shareholders are advised that there can be no certainty that the
discussions between the parties will lead to any agreement
concerning the possible transaction or as to the timing or terms of
any such transaction and there can be no assurance that, even if
agreement is reached, any such transaction would be completed.
The Directors believe the potential Acquisition will create a
superior restaurant group with greater scale and to utilise the
anticipated synergies which are expected to be presented upon a
combination of both businesses under the Domino's brand.
Further announcements will be made in due course.
The person responsible for arranging the release of this
announcement on behalf of the Company is Nick Donaldson,
Non-Executive Chairman.
Enquiries to:
DP Poland PLC Tel: +44 (0) 20 3393 6954
Nick Donaldson, Non-Executive
Chairman
Iwona Olbryś, CEO
N+1 Singer (Nominated Adviser Tel: +44 (0) 20 7496 3000
and Broker to Dream )
Shaun Dobson / George Tzimas
/ Amanda Gray
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END
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