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DPP Dp Poland Plc

11.50
-1.20 (-9.45%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dp Poland Plc LSE:DPP London Ordinary Share GB00B3Q74M51 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -9.45% 11.50 11.00 12.00 12.00 10.50 10.50 2,030,761 16:25:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 35.69M -4.36M -0.0061 -18.85 81.94M

DP Poland PLC Possible Transaction and Suspension (2909V)

06/08/2020 7:00am

UK Regulatory


Dp Poland (LSE:DPP)
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TIDMDPP

RNS Number : 2909V

DP Poland PLC

06 August 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 ("MAR").

6 August 2020

DP Poland plc

("DP Poland" or the "Company")

Possible Transaction and Suspension

DP Poland is pleased to announce that an application with the Polish Competition Authority will be filed today, and subsequently a notification that the application has been made will be published on the Polish Competition Authority's website, in respect of the possible acquisition (the "Acquisition") of the entire issued (and to be issued) share capital Dominium S.A. ("Dominium"), a Polish pizza restaurant group. As a result of the Acquisition, it is anticipated that Dominium's largest shareholder, Accession Mezzanine Capital III L.P., will acquire direct or indirect majority control of the Company's shares.

The Company has entered into a non-binding letter of intent to enter into advanced discussions with Dominium regarding the potential Acquisition. In addition to the competition authority approval, the proposed Acquisition is subject to, inter alia, due diligence, the execution of a share purchase agreement, the publication of an admission document by the Company and all necessary shareholder and regulatory approvals.

If completed, the Acquisition is expected to constitute a reverse takeover of the Company under AIM Rule 14.

Accordingly, the Company's shares have today been suspended pursuant to AIM Rule 40.

The Company's shares will remain suspended until such time as the Company publishes an admission document or discussions in relation to the possible reverse takeover transaction cease.

Shareholders are advised that there can be no certainty that the discussions between the parties will lead to any agreement concerning the possible transaction or as to the timing or terms of any such transaction and there can be no assurance that, even if agreement is reached, any such transaction would be completed.

The Directors believe the potential Acquisition will create a superior restaurant group with greater scale and to utilise the anticipated synergies which are expected to be presented upon a combination of both businesses under the Domino's brand.

Further announcements will be made in due course.

The person responsible for arranging the release of this announcement on behalf of the Company is Nick Donaldson, Non-Executive Chairman.

Enquiries to:

 
 DP Poland PLC                    Tel: +44 (0) 20 3393 6954 
  Nick Donaldson, Non-Executive 
  Chairman 
  Iwona Olbryś, CEO 
 N+1 Singer (Nominated Adviser    Tel: +44 (0) 20 7496 3000 
  and Broker to Dream ) 
  Shaun Dobson / George Tzimas 
  / Amanda Gray 
 

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.

END

MSCUPUUCRUPUGBA

(END) Dow Jones Newswires

August 06, 2020 02:00 ET (06:00 GMT)

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