DP Poland PLC Update on Possible Transaction (5375C)
October 19 2020 - 1:18PM
UK Regulatory
TIDMDPP
RNS Number : 5375C
DP Poland PLC
19 October 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 ("MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
DP Poland plc
("DP Poland" or the "Company")
Update on Possible Transaction
DP Poland is pleased to announce that, further to the
announcement made on 6 August 2020, approval has been granted by
the Polish Competition Authority 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 mentioned previously, the Acquisition is expected to
constitute a reverse takeover of the Company under AIM Rule 14. 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.
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.
Enquires:
DP Poland PLC Tel: +44 (0) 20 3393 6954
Nick Donaldson, Non-Executive Chairman
N+1 Singer (Nominated Adviser and Tel: +44 (0) 20 7496 3000
Broker)
Shaun Dobson / William Goode / George
Tzimas / Amanda Gray
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END
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