Share Repurchase Programme

RNS Number : 6187S

Domino's Pizza Group PLC

22 December 2016

 

Domino's Pizza Group plc (the "Company") 

Share Repurchase Programme

Domino's Pizza Group plc announces that it has entered into irrevocable, non-discretionary arrangements with the Company's broker, Numis Securities Limited ("Numis") for purchases of the Company's ordinary shares of 25/48 pence each (the "Ordinary Shares") by Numis (the "Programme"). The Programme is conditional upon the passing of a resolution contained in the notice of General Meeting dated 1 December 2016, which will be proposed to the Company's shareholders at a General Meeting to be held on 10 January 2017.  The Programme will continue to operate during the Company's forthcoming year-end closed period ending at 7am on 9 March 2017 (the "Irrevocable Instruction Period"). Numis will make its trading decisions in relation to the purchases of Ordinary Shares during the Irrevocable Instruction Period independently of, and uninfluenced by, the Company.

Daily volume restrictions and other trading restrictions will apply in accordance with Articles 3 and 4 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. The Company will announce any market repurchase of Ordinary Shares no later than 7.30am on the business day following the calendar day on which the repurchase occurred. The Company intends to cancel the Ordinary Shares purchased under the Programme.

The purpose of the Programme is to reduce the Company's share capital and will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. 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 2016, which authority will expire at the end of the next Annual General Meeting of the Company in 2017 or, if earlier, at the close of business on 20 July 2017.

Numis may undertake transactions in Ordinary Shares (which may include sales and hedging activities, in addition to purchases) in order to manage its market exposure under the Programme.  Numis will make any disclosures it is legally required to make in relation to such transactions.

This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Domino's Pizza Group plc shares, in the United Kingdom or in the United States, or under the US Securities Act 1933 or in any other jurisdiction.

Enquiries:

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 stakes in the largest pizza delivery business in Germany and 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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