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THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED)
AS RETAINED AS
PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 (AS AMENDED). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
DP Poland
PLC
("DP
Poland", the "Company" or the "Group")
Result of
Placing
DP Poland, the operator of pizza
stores and restaurants across Poland and Croatia, is pleased to
announce that, further to the close of Bookbuild announcement made
earlier today (the "Close of Book
Announcement"), the Placing was significantly oversubscribed
with the Company receiving orders of c.2.5 times the size of the
proposed Placing. Accordingly, the Company has sought to protect
the interests of existing shareholders by honoring their soft
pre-emption rights in connection with the Placing and Subscription.
Subject to the passing of certain Resolutions at a General Meeting,
the Company has raised gross proceeds of approximately £19.5
million through:
·
the Subscription by Domino's Pizza Group plc for
110,887,096 Subscription Shares, raising £11.0 million at the
Placing Price; and
·
the Placing of 85,685,483 Placing Shares through
an accelerated bookbuild process, raising £8.5 million at the
Placing Price.
The Placing Price of 9.92p was set
on an agreed 5.0% discount to the volume weighted average price
over the 4 month period from 9 November 2023 to 13 March
2024.
As previously indicated, a Retail
Offer will be launched today via the BookBuild platform to provide
existing retail Shareholders with an opportunity to take part in
the Fundraising at the same Placing Price as the Placing. Further
details about the Retail Offer will be provided by the Company by a
separate announcement in due course.
General Meeting
The issue of the Subscription
Shares, Placing Shares and the Retail Offer Shares (and therefore
completion of the Fundraising) is conditional upon the approval by
Shareholders of the Resolutions to be proposed at the General
Meeting of the Company to be held at the offices of PwC, 1
Embankment Place, London, WC2N 6RH at 12.00 p.m. on 18 April
2024. A Circular is expected to be posted
to Shareholders on or around 2 April 2024 and the Circular, once
published, will be available on the Company's website at
www.dppoland.com.
The same definitions apply throughout this announcement as are
applied in the Circular.
Subject to Shareholders approving
the Resolutions to be proposed at the General Meeting, it is
expected that Admission of the Subscription Shares, Placing Shares
and Retail Offer Shares will take place on or about 8.00 a.m. on 19
April 2024.
Nils Gornall, CEO of DP Poland, said:
"We are pleased to announce the completion of a significantly
oversubscribed Fundraise which saw the Company upscaling the size
of the Placing, subject to shareholder approval at the forthcoming
general meeting. We are delighted with the overwhelming support we
have received from our existing shareholders and new investors.
This Fundraise will allow us to accelerate the Company's growth
strategy and realise our ambitions to become the leading pizza
brand in Poland and Croatia."
Enquiries:
DP
Poland plc
Nils Gornall, CEO
Tel: +44 (0) 20 3393 6954
Email:
ir@dppoland.com
Singer Capital Markets (Nominated Adviser and
Broker)
Shaun Dobson / Jen Boorer / Oliver
Platts
Tel: +44 (0) 20 7496 3000
Notes for editors
About DP Poland plc
DP Poland has the exclusive right to develop, operate
and sub-franchise Domino's Pizza stores in Poland and Croatia. The
group operates 116 stores and restaurants throughout cities and
towns in Poland and Croatia.