Board appointments etc.

RNS Number : 1191X

DP Poland PLC

01 December 2010

 



DP Poland plc

("DP Poland" or the "Company")

Operational Update, Confirmation of Board Appointments, Management Changes at DP Polska S.A. and Shareholding Notifications

DP Poland, the owner of the exclusive rights to own and operate Domino's Pizza stores in Poland, today provides an operational update and confirms certain Board appointments, announces some role changes in its management team in Poland and gives notice of some shareholding changes.

Operational Update

The Board is pleased to announce that the Company has made good progress in its first few months in the implementation of the business plan.  The first store in Warsaw is near to completion and on target for opening at the end of February 2011, with a number of other store leases signed up or in advanced stages of lease negotiation.  DP Polska S.A., the Company's wholly owned subsidiary through which the master franchise will be operated, has secured a number of high calibre personnel to join the team in Poland, including appointments in marketing, operations and HR. The first eight store managers have been hired ready for training in the US in the New Year.

Confirmation of Chairman and Chief Executive of DP Poland PLC

Following their interim appointments as Chairman and Chief Executive of DP Poland PLC respectively, the Board confirms the appointments of Nick Donaldson as Non-Executive Chairman and Peter Shaw as Chief Executive, with immediate effect.

Managing Director of DP Polska S.A.

The Board is also pleased to announce the appointment of Maciej Jania as Managing Director of DP Polska S.A. ("DPSA").   Maciej (39) was previously the Financial and Commercial Director of DPSA and has a strong commercial management background in large multi-site businesses. He joined DPSA from Samsung Electronics (Poland) where, since September 2007, he held a senior financial position.  Prior to this, Maciej was a key member of the highly successful founding team at coffeeheaven international PLC.

The Board is also pleased to announce that Malgorzata Maruchin (37) will be joining the DPSA senior management team in early January 2011 as Chief Accountant.  Malgorzata is joining DPSA from Nestlé Polska where she held the position of Senior Accountant, responsible for the daily management of the Nestlé Polska accounting team. Working alongside Maciej Jania, Malgorzata will be responsible for managing all of DPSA's accounts functions.  Prior to Nestlé Polska, Malgorzata was a tax and accounting specialist working with a range of accounting practices, including KMPG Accounting Services SP Zo.o.

The Management Board of DPSA now comprises Peter Shaw and Maciej Jania and the Supervisory Board comprises Igor Bendza as Chairman, Patrick Bodenham and Rob Morrish.

Shareholding Notifications

Following the death on 1st October 2010 of the Company's Executive Chairman, Richard Worthington, under the rules of the Company's Joint Ownership Share Scheme ("JOSS") the estate of Mr. Worthington has acquired an interest in 100,000 ordinary shares pursuant to the vesting of a portion of an award made under the JOSS. The balance of the award, comprising 183,937 ordinary shares, will be cancelled. Following completion of the above transactions, Mr. Worthington's estate will hold a beneficial interest in 1,321,212 ordinary shares, representing 6.68% of the issued share capital of the Company.

Jerzy Jakubiak, formerly the Managing Director of DPSA, has left the Company and has sold his shareholding of 610,606 ordinary shares in the Company to the DP Poland Employee Benefit Trust at 8.19p per share.  In addition the award of 894,834 shares held by him under the JOSS has been cancelled.  He no longer has any interest in ordinary shares of the Company.

As a result of all the above, the DP Poland Employee Benefit Trust holds 2,955,844 ordinary shares, representing 14.94% of the issued share capital of the Company.  Of this interest, 554,562 ordinary shares (2.80%) are held under the JOSS, the voting rights attaching to which are exercisable by the award holders under that scheme.

1 December 2010

 

Enquiries:

DP Poland PLC	c/o College Hill:  020 7457 2020
Peter Shaw, Chief Executive
College Hill	020 7457 2020
Matthew Smallwood
Justine Warren
Seymour Pierce	020 7107 8000
Jeremy Porter
Catherine Leftley

 

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