DP Poland PLC Board Changes (2128H)
April 05 2022 - 2:01AM
UK Regulatory
TIDMDPP
RNS Number : 2128H
DP Poland PLC
05 April 2022
DP Poland plc
("DP Poland" or the "Company")
Board Changes
DP Poland, the operator of pizza stores and restaurants across
Poland, is pleased to announce the appointment of Peter Furlong to
the Board as Non-Executive Director, with immediate effect.
Mr Furlong has a background working as a debt and equity
proprietary trader with Morgan Stanley and RBS. Following this, he
joined Pageant Holdings Limited ("Pageant"), an Ireland-based
family office where he is currently a Director. Pageant has been
invested in DP Poland since 2013 and has supported the Company
through its recent fundraising rounds in December 2020 and November
2021. Pageant is a family office that invests in undervalued stocks
and growth equity stories. Pageant holds 59,884,633 ordinary shares
in DP Poland, equating to approximately 9.7% of the total voting
rights.
In addition, Nick Donaldson, Non-Executive Chairman of the
Company, announces his intention to retire from the Board from the
date of the 2022 annual general meeting.
Przemyslaw Glebocki, Non-Executive Director of DP Poland and
Managing Partner at ACP, the Company's largest shareholder, said :
"I would like to thank Nick for the guidance and support that he
has contributed to DP Poland over the 12 years of his directorship.
Nick was one of the founding directors of DP Poland and was
instrumental in the merger with Dominium, which was a
transformational transaction for the Company. I am delighted to
welcome Peter to the Board and I look forward to our close
cooperation. The Company is in a strong position for further
dynamic expansion, through both organic growth and acquisitions,
and Peter's contribution will be particularly helpful in case of
the latter."
Nick Donaldson, Non-Executive Chairman of DP Poland, said :
"After 12 years of directorship I have decided to retire from my
Board position. I am leaving the Company with a stable shareholding
structure, having completed the transformational merger which has
positioned the Company well for further dynamic growth. I remain a
shareholder of DP Poland and I wish all the best to the Board."
Peter Furlong, incoming Non-Executive Director of DPP said : "I
am excited by the prospects of DP Poland and to support the Board.
We are long term value investors in companies where we see
compelling growth opportunities. There is clearly an exciting
opportunity to consolidate the fragmented market place in Poland
and further afield. I look forward to working with the Board of DP
Poland to execute on the next exciting phase of growth and
hopefully emulating the significant shareholder value creation that
has been enjoyed by other listed Dominos Plcs around the globe.
"
The following disclosures are required regarding Mr Furlong's
appointment pursuant to Schedule Two paragraph (g) of the AIM Rules
for Companies ("AIM Rules"):
Full name: Peter Joseph Furlong
Age: 43
Current directorships:
-- Melcorpo Commercial Properties Unlimited Company
-- Melcorpo Finance Unlimited Company
-- Melcorpo Unlimited Company
-- Pageant Holdings Limited
-- Pageant Limited
-- Ekco Cloud Holdings Designated Activity Company
Previous directorships in the last five years:
-- Pageant Commercial Properties Limited
-- Pageant Investments Limited
-- Marlfield Mall Management Company
Pageant Commercial Properties Limited and Pageant Investments
Limited were dissolved via creditors' voluntary winding up on 4
June 2019 and 29 July 2019 respectively.
Mr Furlong holds 1,050,000 ordinary shares in DP Poland
personally, and 700,000 via a CFD. Pageant Holdings Limited owns
59,884,633 ordinary shares in the Company and Mr Furlong owns 20%
of Melcorpo Unlimited, the beneficial owner of Pageant.
Save as set out above, there is no further information to be
disclosed in respect of Peter Furlong under Schedule 2(g) of the
AIM Rules.
Enquiries:
DP Poland plc Tel: +44 (0) 20 3393
6954
Nick Donaldson, Non-Executive Chairman
Singer Capital Markets (Nominated Adviser Tel: +44 (0) 20 7496
and Broker) 3000
Shaun Dobson / Will Goode / Amanda
Gray
Notes for editors
About DP Poland plc
DP Poland, through its wholly owned subsidiary DP Polska S.A.,
has the exclusive right to develop, operate and sub-franchise
Domino's Pizza stores in Poland. Following its acquisition of
Dominium S.A., which constituted a reverse takeover under the AIM
Rules for Companies, the group now operates over 100 stores and
restaurants across a number of cities and towns in Poland.
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END
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