Recommencement of Share Buy Back Programme

RNS Number : 5088U

Domino's Pizza Group PLC

24 October 2017

 

LEI: 213800Q6ZKHAOV48JL75

DOMINO'S PIZZA GROUP PLC

RECOMMENCEMENT OF SHARE BUY BACK PROGRAMME

Further to the statement made on 20 September 2017 in which Domino's Pizza Group plc (the "Company") announced a share buy-back of up to £15 million of the Company's ordinary shares of 25/48 pence each (the "Ordinary Shares")(the "Programme") on an irrevocable basis, the Company today announces that it will hereby repurchase the balance of the value of the Programme on a discretionary basis. The purpose of the Programme is to reduce the Company's share capital and accordingly the Company intends to cancel the Ordinary Shares purchased under the Programme. It is expected that the Programme will commence from 25 October 2017 and be completed by 31 December 2017.

A total of approximately £7.2m has already been used to buy back 2,352,593 ordinary shares in the capital of the Company pursuant to the Programme. Consequently, the Company intends to use up to approximately a further £7.8m to repurchase Ordinary Shares.

Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished price sensitive information.

The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 20 April 2017, which authority will expire at the end of the next Annual General Meeting of the Company in 2018 or, if earlier, at the close of business on 20 July 2018 ("2017 Authority"), Chapter 12 of the Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes. 

The maximum number of shares that may be purchased under the Programme is 49,196,705 (being the number of shares able to be purchased under the 2017 Authority), less any shares purchased to date under this authority.

Enquiries:

For Domino's Pizza Group plc:
Peregrine Riviere
07909 907193

Maitland:
James Devas
020 7379 5151

Notes to Editors:

Domino's Pizza Group plc is the leading player in the fast-growing pizza market holding the exclusive master franchise to own, operate and franchise Domino's Pizza stores in the UK, Republic of Ireland, Switzerland, Liechtenstein and Luxembourg. Additionally it owns a strategic stake in the largest pizza delivery business in Germany and a controlling interest in the holders of the Domino's master franchises in Iceland, Norway and Sweden. The first UK store opened in Luton in 1985 and the first Irish store opened in 1991.

 

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