DPP Dp Poland Plc

TIDMDPP

RNS Number : 0040S

DP Poland PLC

26 November 2012

DP Poland plc

("DP Poland" or the "Company")

Result of General Meeting

Following the announcement by the Company on 8 November 2012 in connection with a proposed cash placing of GBP10.5 million, the Company is pleased to announce that all resolutions proposed at the General Meeting held today were duly passed.

Application has been made to the London Stock Exchange for 70,000,000 new ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM (the "Placing Shares"). It is anticipated that dealings in the Placing Shares will commence at 8.00 am on 30 November 2012.

Following admission the Company will have 95,437,986 Ordinary Shares in issue (there are currently no shares held in treasury). The Placing Shares will rank pari passu in all respects with the existing Ordinary Shares. The number of voting rights in the Company will therefore be 95,437,986.

Peter Shaw, Chief Executive of DP Poland commented: "I am delighted that we now have the resources to accelerate store roll-out in Warsaw, extend to new cities and to invest significantly in brand marketing and sales promotion. Our sales and gross margin continue to build significantly as Warsaw consumers recognise the superior quality of our offer and the speed and reliability of our service."

26 November 2012

Enquiries:

 
 DP Poland PLC 
  Peter Shaw, Chief Executive              c/o College Hill 
  www.dppoland.com                         020 7457 2020 
 
   Peel Hunt 
   Dan Webster/Matthew Armitt/Richard 
   Brown                                   020 7418 8900 
 
   College Hill 
   Matthew Smallwood/Jamie Ramsay          020 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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