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DOM Domino's Pizza Group Plc

310.40
-7.40 (-2.33%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Domino's Pizza Group Plc LSE:DOM London Ordinary Share GB00BYN59130 ORD 25/48P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.40 -2.33% 310.40 310.60 311.40 319.00 310.40 314.20 1,173,526 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Food Preparations, Nec 679.8M 115M 0.2913 10.66 1.23B

Domino's Pizza Group PLC Completion of Shorecal Limited acquisition

11/04/2024 7:00am

RNS Regulatory News


RNS Number : 0856K
Domino's Pizza Group PLC
11 April 2024
 

11 April 2024                                                                                                                       LEI: 213800Q6ZKHAOV48JL75

 

Domino's Pizza Group Plc

 

 Completion of Shorecal Limited acquisition

 

On 12 March 2024, Domino's Pizza Group plc ("DPG" or the "Company") announced that it had entered into a binding sale and purchase agreement to acquire the remaining 85% shareholding it does not already own in Shorecal Limited, the largest Domino's franchise business operating in the Republic of Ireland and Northern Ireland), for a total consideration of €72m (approximately £62m) (the "Consideration").

The Company is pleased to announce that, following clearance by the Republic of Ireland's Competition and Consumer Protection Commission, the transaction has now completed. 

As previously announced, 61% of the Consideration is payable in cash, with the remaining 39% to be satisfied by an issuance of shares in the Company based on the VWAP of the Company's shares for the trailing 3-month period.

Applications have been made to the Financial Conduct Authority for admission of the 6,700,909 new ordinary shares (the "New Shares") to the premium listing segment of the Official List of the Financial Conduct Authority and to London Stock Exchange plc for admission to trading of such New Shares on its main market for listed securities (together, "Admission") and Admission is expected to take place at 8.00 a.m. on 16 April 2024. The New Shares will rank pari passu with the existing ordinary share capital of the Company.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, following this issue, the Company's issued share capital consists of 401,443,336 ordinary shares of 25/48 pence each.

The figure of 401,443,336 ordinary shares should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

                          

For further information, please contact:

Domino's Pizza Group plc:

Will MacLaren, Head of Investor Relations
07443 192 118

 

Brunswick:
Tim Danaher, Abbie Sampson

020 7404 5959

 

About Domino's Pizza Group

Domino's Pizza Group plc is the UK's leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino's stores in the UK and the Republic of Ireland.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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