AGM Statement

RNS Number : 0687X

DP Poland PLC

03 May 2016

DP Poland PLC ("DP Poland" or the "Company")

Result of AGM, Trading Update Q1 2016 and new incentive share plan

14 consecutive quarters of double digit like-for-like system sales growth. Continuing store roll-out beyond Warsaw. Third sub-franchisee signs first store.

DP Poland, through its wholly owned subsidiary DP Polska S.A., has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland. There are currently 26 Domino's Pizza stores in 6 Polish cities, Warsaw, Krakow, Wrocław, Gdansk, Szczecin and Zielona Gora, 17 corporately managed and 9 sub-franchised.

1. Result of AGM

DP Poland plc (AIM:DPP) held its Annual General Meeting today and all resolutions put to shareholders were duly passed.

2. Trading Update Q1 2016

· 14 consecutive quarters of double digit like-for-like¹ system sales² growth, Q4 2012 - Q1 2016

· Like-for-like system sales up 23%

· New store openings in new cities are performing well

· 26 stores were open in 6 cities by mid-April

· 3 stores under construction and pipeline of openings planned for H2 2016

· Our third sub-franchisees Ewa and Remy Szutkiewicz took over their first store on 1 April 2016

Peter Shaw, Chief Executive of DP Poland said:

"The first quarter of 2016 has opened strongly with like-for-like system sales up 23% on Q1 2015. While the existing store estate is performing well the sales performance of our latest store openings outside of Warsaw is particularly encouraging.

I am delighted to welcome our third sub-franchisees on board, Ewa and Remy Szutkiewicz, who have taken on their first store and are in discussion with us to open a second."

Remy Szutkiewicz said:

"We are delighted to be operating our first Domino's Pizza store. Domino's is the world's leading pizza delivery brand and this is our first step in our long held ambition to join Domino's renowned sub-franchisee family."

¹Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 31

March, 2015 and 1 January and 31 March, 2016

² System Sales - total retail sales including sales from corporate and sub-franchised stores. Unaudited.

3. New Incentive Share Plan

DP Poland plc ("the Company") announces that it has today made further awards of share options under the Company's incentive share option plan ("Plan"). The awards to directors and senior management made today comprise options ("Options") to subscribe up to a total of 1,799,165 ordinary shares of the Company ("Ordinary Shares"), subject to the achievement of performance targets set by the Remuneration Committee of the Company ("Remuneration Committee") as explained below.

The price at which Options may be exercised is 0.5p per share subject to alteration in accordance with the rules of the Plan in the event of any variation of the share capital of the Company. The Options will not be capable of exercise (except where any provision for early exercise under the Plan applies) before the third anniversary of the date of grant or if earlier, the day following the preliminary announcement of the final results of the Company for the year to 31st December 2018.

The awards made today, include the grant of Options to certain directors and senior management of the Company as follows:

Executive	Number of Ordinary Shares over which awards granted
Peter Shaw	961,538
Maciej Jania	565,808
Tomasz Lachowski	271,819

The Remuneration Committee has determined that the exercise of the Options should be conditional upon the achievement of certain performance targets. The Remuneration Committee believes that the targets which have been set are appropriate and challenging, having regard to present stage of development and commercial priorities of the Group. The targets and the percentage of the Options vesting on their achievement are summarised below:

1. Group EBITDA for the year to 31 December 2018. Depending on the amount achieved according to a sliding scale this will represent up to 70% of the total award.

2. Store openings in the period up until 31 December 2018. Depending on the total number of stores opened by that date, this will represent up to 30% of the total award

The Company has on 03 May 2016 also granted share awards under the Company's Employee Share Incentive Plan and Non-Executive Directors' Share Incentive Plan to four Non-Executive Directors and one Executive Director as follows:

Christopher Moore 115,385 shares

Gerry Ford 57,692 shares

Nicholas Donaldson 57,692 shares

Robert Morrish 57,692 shares

Maciej Jania 57,692 shares

The nil cost awards will vest after a two year period and will be satisfied by shares already held in the Employee Benefit Trust.

3 May 2016

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