DP Poland PLC Amendment to Master Franchise Agreement ("MFA") (2241D)
May 14 2012 - 1:00AM
UK Regulatory
TIDMDPP
RNS Number : 2241D
DP Poland PLC
14 May 2012
DP Poland PLC ("DP Poland" or the "Company")
Amendment to Master Franchise Agreement ("MFA")
As described in our 2011 results statement, the Company's store
opening strategy has been revised. Having successfully established
a good presence in Warsaw, opening 12 stores in 2011 and our 13(th)
store in April this year, we anticipate opening a minimum of 2
further Company operated stores this year.
This opening schedule is expected to be complemented by the
commencement of sub-franchising in 2013.
Our franchisor is in full agreement with our evolving strategy
and has agreed an amendment to our MFA to reflect this revised
strategy. The threshold number of company operated stores required
before we sub-franchise stores has been reduced from 20 to 12.
While the minimum required store openings are lower this year than
originally planned, the agreed minimum store opening schedule to
2019 is higher at 127 stores in total.
We are focusing our efforts in 2012 on building brand awareness
and sales, which are continuing to grow across the estate.
14 May 2012
Enquiries:
DP Poland PLC c/o College Hill: 020
Peter Shaw, Chief Executive 7457 2020
www.dppoland.com
College Hill
Matthew Smallwood / Justine Warren 020 7457 2020
Seymour Pierce Ltd
Guy Peters / Catherine Leftley - Nominated
Adviser
David Banks / Jacqui Briscoe - Corporate
Broking 020 7107 8000
Notes to editors
DP Poland is the owner of the exclusive rights to develop and
operate Domino's Pizza stores in Poland, through its wholly owned
subsidiary DP Polska SA. The Company currently operates 13 stores
in Warsaw.
This information is provided by RNS
The company news service from the London Stock Exchange
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