Business
Completion of Disposal
Completion of Disposal.
About this update from Domino's Pizza Group Plc
[{"type":"text","content":"\n\n6 June 2023 LEI: 213800Q6ZKHAOV48JL75\n \nDomino's Pizza Group plc\nCompletion of disposal of investment in German Associate\n \nOn 10 November 2022 Domino's Pizza Group plc (\"Company\") announced that it had exercised a put option to dispose of its investment in its German associate (\"the Transaction\").\nThe Transaction completed on 5 June 2023 with £79.9m of proceeds received. As previously announced, this comprises a put option exercise price of £70.6m and the repayment of a £9.3m loan.\nAs previously announced, the proceeds generated from the Transaction will be flowed through our capital allocation framework.\nThe Company will release half year results in August 2023 and will provide further details on the Transaction proceeds at that time.\nThe Company continues to execute the £20m buyback as announced in its Q1 2023 trading statement on 4 May 20231.\n \nFor further information, please contact:\n \nDomino's Pizza Group plc:\nWill MacLaren, Head of Investor Relations - 07443 192 118\n \nBrunswick:\nTim Danaher, Emily Gainsford - 020 7404 5959\n \n \nAbout Domino's Pizza Group\nDomino's Pizza Group plc is the UK's leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino's stores in the UK and the Republic of Ireland.\n \n \n \n1 As at 5 June 2023 the Company has executed £5.1m of the £20m buyback announced on 4 May 2023\n \n \n\n","length":3752,"tagName":"div"}]