Tender Offer update

RNS Number : 1800D

Domino's Pizza UK & IRL PLC

27 November 2009

 



Domino's Pizza UK & IRL plc

27 November 2009 

 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 

Domino's Pizza UK & IRL plc (the "Company")

Tender Offer update

The Board of the Company announces that, in light of movements in the share price since the date of the announcement of the Tender Offer, which closed at 1.00 p.m. on 26 November 2009, the tender price of 317 pence per Ordinary Share is in excess of the maximum price which the Company may pay for an Ordinary Share pursuant to the Existing Share Buy-Back Authority*.

As a result of this, and in accordance with the formal terms and conditions of the Tender Offer set out in the circular sent to Shareholders on 17 November 2009 (the "Circular"), the Tender Offer cannot proceed and tenders from Qualifying Shareholders will not be accepted. 

Therefore, as highlighted in the Circular, the Company will look to return cash to Shareholders as soon as practicable by means of either on market share buy-backs, dividend payments, or by way of further tender offers.

Capitalised terms used in this announcement and not otherwise defined herein have the same meanings given in the Circular.

* details of the Existing Share Buy-Back Authority are set out in the 2009 notice of annual general meeting dated 20 March 2009 which is available at www.dominos.uk.com/

Enquiries:
Domino's Pizza UK & IRL plc Lee Ginsberg, Chief Financial Officer	[phone]
Numis Securities Ltd  Corporate Broking: David Poutney / James Serjeant Corporate Finance: Richard Thomas	[phone]
Altium Capital Limited Ben Thorne / Tim Richardson	[phone]
Hogarth Partnership Ltd  Fiona Noblet / Anthony Arthur / Simon Hockridge	[phone]

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the Tender Offer and will not regard any other person (whether or not a recipient of the Circular) as a client in relation to the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice in relation to the Tender Offer or any matters referred to in this announcement.

Altium Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the Tender Offer and will not regard any other person (whether or not a recipient of the Circular) as a client in relation to the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice in relation to the Tender Offer or any matters referred to in this announcement.

 

END

 

 

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