Amendment to Master Franchise Agreement ("MFA")

RNS Number : 2241D

DP Poland PLC

14 May 2012

 



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

Amendment to Master Franchise Agreement ("MFA")

As described in our 2011 results statement, the Company's store opening strategy has been revised. Having successfully established a good presence in Warsaw, opening 12 stores in 2011 and our 13^th store in April this year, we anticipate opening a minimum of 2 further Company operated stores this year.

This opening schedule is expected to be complemented by the commencement of sub-franchising in 2013.

Our franchisor is in full agreement with our evolving strategy and has agreed an amendment to our MFA to reflect this revised strategy. The threshold number of company operated stores required before we sub-franchise stores has been reduced from 20 to 12. While the minimum required store openings are lower this year than originally planned, the agreed minimum store opening schedule to 2019 is higher at 127 stores in total.

We are focusing our efforts in 2012 on building brand awareness and sales, which are continuing to grow across the estate.

14 May 2012

Enquiries:

DP Poland PLC Peter Shaw, Chief Executive	c/o College Hill:  020 7457 2020 www.dppoland.com
College Hill Matthew Smallwood / Justine Warren	020 7457 2020
Seymour Pierce Ltd Guy Peters / Catherine Leftley - Nominated Adviser David Banks / Jacqui Briscoe - Corporate Broking	020 7107 8000

Notes to editors

DP Poland is the owner of the exclusive rights to develop and operate Domino's Pizza stores in Poland, through its wholly owned subsidiary DP Polska SA.  The Company currently operates 13 stores in Warsaw.

 

END

 

 

MSCABMFTMBIBBLT