Update on Possible Transaction

RNS Number : 5375C

DP Poland PLC

19 October 2020

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

DP Poland plc

("DP Poland" or the "Company")

Update on Possible Transaction

DP Poland is pleased to announce that, further to the announcement made on 6 August 2020, approval has been granted by the Polish Competition Authority in respect of the possible acquisition (the "Acquisition") of the entire issued (and to be issued) share capital Dominium S.A. ("Dominium"), a Polish pizza restaurant group.

As mentioned previously, the Acquisition is expected to constitute a reverse takeover of the Company under AIM Rule 14. As a result of the Acquisition, it is anticipated that Dominium's largest shareholder, Accession Mezzanine Capital III L.P., will acquire direct or indirect majority control of the Company's shares.

Further announcements will be made in due course.

The person responsible for arranging the release of this announcement on behalf of the Company is Nick Donaldson, Non-Executive Chairman.

Enquires:

DP Poland PLC	Tel: [phone]
Nick Donaldson, Non-Executive Chairman
N+1 Singer (Nominated Adviser and Broker)	Tel: [phone]
Shaun Dobson / William Goode / George Tzimas / Amanda Gray

 

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