DP Poland PLC Issue of Options, Exercise of Options & TVR (0391G)

TIDMDPP

RNS Number : 0391G

DP Poland PLC

10 November 2022

10 November 2022

DP Poland plc

("DP Poland" or the "Company")

Issue of Options, Exercise of Options & TVR

DP Poland, the operator of pizza stores and restaurants across Poland and Croatia, announces certain dealings in its shares as detailed below.

Issue of Options

The Company has granted 9,333,333 share options over ordinary shares of 0.5 pence each in the Company ("Share Options") under the new stock option plan announced on 15 June 2022 ("SOP") to certain board members/employees as follows:

 
 Name                Position            Number of Share         Options as a 
                                         Options granted    % of Issued Share 
                                                            capital following 
                                                                Admission (as 
                                                               defined below) 
                     Non-Executive 
 Jeremy Dibb          Director                 1,000,000                 0.1% 
                    -----------------  -----------------  ------------------- 
 Piotr Dzierzek      Deputy CEO                3,500,000                 0.5% 
                    -----------------  -----------------  ------------------- 
 Maciej Jania        Head of Revenue           3,500,000                 0.5% 
                    -----------------  -----------------  ------------------- 
                     Chief Marketing 
 Patrycja Venulet     Officer                  2,333,333                 0.3% 
                    -----------------  -----------------  ------------------- 
 

The Share Options issued to Jeremy Dibb will vest subject to time on the same basis outlined below.

Of the Share Options issued to Piotr Dzierzek, Maciej Jania and Patrycja Venulet, 50% will time vest and 50% will vest subject to meeting certain performance indicators being met or exceeded.

Of the time-vesting portion of the Share Options, 25% vest 12 months from the date of the SOP announcement on 15 June 2022 and 75% vest in 36 equal monthly instalments thereafter. The Share Options linked to key performance indicators carry the performance criteria of EBITDA, which must be achieved annually over the vesting period, and total number of stores target.

The exercise price of the Share Options granted is 8 pence per share.

Exercise of Options

The Company also announces that it has issued 520,231 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") pursuant to an exercise of options by Christopher Moore, previous Non-Executive Director and Maciej Jania, Head of Revenue.

Application has been made to the London Stock Exchange for 520,231 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 15 November 2022.

Total Voting Rights

Following Admission, the Company's total issued share capital will be 712,393,662 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 712,393,662.

This figure of 712,393,662 Ordinary Shares may 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.

Enquiries:

 
 DP Poland plc                                 Tel: [phone] 
                                                               6954 
 Nils Gornall, CEO 
 
 Singer Capital Markets (Nominated Adviser     Tel: [phone] 
  and Broker)                                                  3000 
 Shaun Dobson / Will Goode / Amanda 
  Gray 
 

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 over 120 stores and restaurants throughout cities and towns in Poland and Croatia.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Jeremy Dibb 
     -------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                       DP Poland plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800LPZBU5RPY7A394 
     -------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description                Ordinary shares of 0.5 pence each 
       of the financial           GB00B3Q74M51 
       instrument, 
       type of instrument 
       Identification 
       code 
     -------------------------  ---------------------------------------- 
 b)   Nature of                  Grant of Options 
       the transaction 
     -------------------------  ---------------------------------------- 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)                nil         1,000,000 
                                               ---------- 
     -------------------------  ---------------------------------------- 
 d)   Aggregated 
       information                N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ---------------------------------------- 
 e)   Date of the                8 November 2022 
       transaction 
     -------------------------  ---------------------------------------- 
 f)   Place of                   Off Market 
       the transaction 
     -------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Piotr Dzierzek 
     -------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status            Deputy Chief Executive Officer 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                       DP Poland plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800LPZBU5RPY7A394 
     -------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description                Ordinary shares of 0.5 pence each 
       of the financial           GB00B3Q74M51 
       instrument, 
       type of instrument 
       Identification 
       code 
     -------------------------  ---------------------------------------- 
 b)   Nature of                  Grant of Options 
       the transaction 
     -------------------------  ---------------------------------------- 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)                nil         3,500,000 
                                               ---------- 
     -------------------------  ---------------------------------------- 
 d)   Aggregated 
       information                N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ---------------------------------------- 
 e)   Date of the                8 November 2022 
       transaction 
     -------------------------  ---------------------------------------- 
 f)   Place of                   Off Market 
       the transaction 
     -------------------------  ---------------------------------------- 
 

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November 10, 2022 11:09 ET (16:09 GMT)