First day of dealings on AIM

RNS Number : 0547Q

DP Poland PLC

28 July 2010

 



 

 

DP Poland PLC ("the Company")

 

First day of dealings on AIM

DP Poland PLC, the owner of the exclusive rights to develop and operate Domino's Pizza stores in Poland, announces that at 8am today its shares were admitted to trading on the AIM market of the London Stock Exchange.

Placing and admission statistics

Placing Price	50 pence
Gross proceeds raised by the Placing	£6,500,000
Number of Ordinary Shares in issues prior to the Placing	6,778,572*
Number of Placing Shares being issued pursuant to the Placing on behalf of the Company	13,000,000
Percentage of the Enlarged Share Capital represented by the Placing Shares	65.73%
Number of Ordinary Shares in issue immediately following Placing and Admission	19,778,572*
Market capitalisation of the Company following the Placing at the Placing price	£9,889,286
Estimated new proceeds receivable by the Company pursuant to the Placing after expenses (excluding VAT)	£5,720,000
International security identification number (ISIN)	GB00B3Q74M51
AIM symbol/TIDM	DPP

* Including 2,445,238 Ordinary Shares held by the trustees of the EBT for the purposes of the share incentive schemes.

 

Richard Worthington, Executive Chairman, said:

"The successful completion of our listing underlines the strength of the opportunity to develop a significant business in Poland with the Domino's Pizza brand.  We are delighted that institutional investors have chosen to again support the management team who were behind a similar business in Poland which grew to a market leading position and subsequently realised significant shareholder value though a trade sale.

"We now have the funds required to launch Domino's Pizza in Poland and to capitalise on that opportunity."

Background to DP Poland plc

·      DP Poland (AIM symbol to be DPP) is a newly established company which has secured the exclusive master franchise for Domino's Pizza in Poland

·      Domino's Pizza is the world's leading pizza delivery brand. The brand has global appeal with 9,000 outlets in 60 countries as diverse as the UK, Mexico, India, USA and France

·      The master franchise has been secured by a management team including Richard Worthington and Peter Shaw, who have a proven track record in Poland having been part of the core team that developed coffeeheaven international into a leading coffee bar brand in Poland with a 23% market share of the Polish coffee bar market, before the business was sold to Costa Coffee Ltd for £36 million (February 2010)

·      Following detailed market research, the Directors believe there is a significant opportunity for Domino's Pizza to lead the home delivery pizza market in Poland, a country with a population 2/3rds the size of the UK, and raise the standards of a fragmented and un-focussed home delivery pizza service by developing a high quality pizza delivery offering with superior quality product and industry leading customer service, synonymous with the Domino's Pizza brand ethos

·      Importantly, DP Poland will include on their menu pizzas which are tailored to its local market eg. using traditional Polish sausage, regional cheeses and local vegetables and more broadly the general offerings will be tailored to the Polish market leveraging the management's significant local experience in the food and drink business

·      The management aim to roll out 50+ Domino's Pizza stores in 4-5 years, predominantly in Warsaw. A wider national roll out and sub-franchising will be considered later in the development programme

28 July 2010

Enquiries:

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

 

END

 

 

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