First day of dealings on AIM
July 28 2010 - 3:22AM
UK Regulatory
TIDMDPP
RNS Number : 0547Q
DP Poland PLC
28 July 2010
DP Poland PLC ("the Company")
First day of dealings on AIM
DP Poland PLC, the owner of the exclusive rights to develop and operate Domino's
Pizza stores in Poland, announces that at 8am today its shares were admitted to
trading on the AIM market of the London Stock Exchange.
Placing and admission statistics
+---------------------------------------------------------+--------------+
| Placing Price | 50 pence |
+---------------------------------------------------------+--------------+
| Gross proceeds raised by the Placing | GBP6,500,000 |
+---------------------------------------------------------+--------------+
| Number of Ordinary Shares in issues prior to the | 6,778,572* |
| Placing | |
+---------------------------------------------------------+--------------+
| Number of Placing Shares being issued pursuant to the | |
| Placing on behalf of the Company | 13,000,000 |
+---------------------------------------------------------+--------------+
| Percentage of the Enlarged Share Capital represented by | 65.73% |
| the Placing Shares | |
+---------------------------------------------------------+--------------+
| Number of Ordinary Shares in issue immediately | 19,778,572* |
| following Placing and Admission | |
+---------------------------------------------------------+--------------+
| Market capitalisation of the Company following the | GBP9,889,286 |
| Placing at the Placing price | |
+---------------------------------------------------------+--------------+
| Estimated new proceeds receivable by the Company | |
| pursuant to the Placing after expenses (excluding VAT) | GBP5,720,000 |
+---------------------------------------------------------+--------------+
| International security identification number (ISIN) | GB00B3Q74M51 |
+---------------------------------------------------------+--------------+
| AIM symbol/TIDM | DPP |
+---------------------------------------------------------+--------------+
* Including 2,445,238 Ordinary Shares held by the trustees of the EBT for the
purposes of the share incentive schemes.
"The successful completion of our listing underlines the strength of the
opportunity to develop a significant business in Poland with the Domino's Pizza
brand. We are delighted that institutional investors have chosen to again
support the management team who were behind a similar business in Poland which
grew to a market leading position and subsequently realised significant
shareholder value though a trade sale.
"We now have the funds required to launch Domino's Pizza in Poland and to
capitalise on that opportunity."
Background to DP Poland plc
· DP Poland (AIM symbol to be DPP) is a newly established company which has
secured the exclusive master franchise for Domino's Pizza in Poland
· Domino's Pizza is the world's leading pizza delivery brand. The brand has
global appeal with 9,000 outlets in 60 countries as diverse as the UK, Mexico,
India, USA and France
· The master franchise has been secured by a management team including
Richard Worthington and Peter Shaw, who have a proven track record in Poland
having been part of the core team that developed coffeeheaven international into
a leading coffee bar brand in Poland with a 23% market share of the Polish
coffee bar market, before the business was sold to Costa Coffee Ltd for GBP36
million (February 2010)
· Following detailed market research, the Directors believe there is a
significant opportunity for Domino's Pizza to lead the home delivery pizza
market in Poland, a country with a population 2/3rds the size of the UK, and
raise the standards of a fragmented and un-focussed home delivery pizza service
by developing a high quality pizza delivery offering with superior quality
product and industry leading customer service, synonymous with the Domino's
Pizza brand ethos
· Importantly, DP Poland will include on their menu pizzas which are
tailored to its local market eg. using traditional Polish sausage, regional
cheeses and local vegetables and more broadly the general offerings will be
tailored to the Polish market leveraging the management's significant local
experience in the food and drink business
· The management aim to roll out 50+ Domino's Pizza stores in 4-5 years,
predominantly in Warsaw. A wider national roll out and sub-franchising will be
considered later in the development programme
28 July 2010
+--------------------------------+---------------------------------+
| DP Poland PLC | c/o College Hill: 020 7457 |
| | 2020 |
+--------------------------------+---------------------------------+
| Richard Worthington, Executive Chairman |
+------------------------------------------------------------------+
| Peter Shaw, Marketing Director |
+------------------------------------------------------------------+
| | |
+--------------------------------+---------------------------------+
| College Hill | 020 7457 2020 |
+--------------------------------+---------------------------------+
| Matthew Smallwood |
+------------------------------------------------------------------+
| Justine Warren |
+------------------------------------------------------------------+
| | |
+--------------------------------+---------------------------------+
| Seymour Pierce | 020 7107 8000 |
+--------------------------------+---------------------------------+
| Jeremy Porter |
+------------------------------------------------------------------+
| Catherine Leftley |
+--------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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