DP Poland PLC Completion of Acquisition (2946U)
July 29 2022 - 7:13AM
UK Regulatory
TIDMDPP
RNS Number : 2946U
DP Poland PLC
29 July 2022
DP Poland plc
("DP Poland" or the "Company")
Completion of Acquisition
DP Poland, the operator of Domino's pizza stores and restaurants
across Poland, announces that, following the announcement on 15
June 2022, the acquisition of the entire issued share capital of
All About Pizza d.o.o, trading as Domino's Croatia, is now
complete.
The Company has entered into a Share Purchase Agreement to
acquire All About Pizza d.o.o for approximately GBP2.4 million to
be satisfied by the issue of 29,787,234 Consideration Shares at 8
pence per share.
In addition, Andrew Rennie, has subscribed for 2,127,660 First
Subscription Shares, at a price of 8 pence per share, and will
subscribe for a further 3,191,489 Second Subscription Shares, at a
price of 8 pence per share, within 12 months following completion
of the Transaction.
Admission of Consideration Shares and First Subscription
Shares
It is expected that Admission of the 29,787,234 Consideration
Shares and 2,127,660 First Subscription Shares to AIM will occur
and that dealing will commence at 8.00 a.m. on 1 August 2022. The
Consideration Shares and the First Subscription Shares will rank
pari passu with the existing ordinary shares of 0.5 pence each in
the capital of the company ("Ordinary Shares").
Total Voting Rights
Following Admission, the Company will have 652,373,431 Ordinary
Shares in issue and no Ordinary Shares in treasury. Therefore, the
total voting rights in the Company will be 652,373,431. This figure
may be used by shareholders as the denominator for the calculation
by which they may determine if they are required to notify their
interest in, or any change to their interest in, the Company under
the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority.
Unless otherwise defined, all capitalised terms used but not
defined in this announcement shall have the meaning given to them
in the Proposed Acquisition, Proposed Board Changes and Issue of
Share Options announcement made by the Company on 15 June 2022.
Enquiries:
DP Poland plc Tel: +48 22 654 64 15
Przemyslaw Glebocki, Non-Executive Director
Singer Capital Markets (Nominated Adviser Tel: +44 (0) 20 7496
and Broker) 3000
Shaun Dobson / Will Goode / Amanda Gray /
Oliver Platts
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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