Business
Acquisition, Board Changes & Issue of Options
Acquisition, Board Changes & Issue of Options.
About this update from Dp Poland Plc
[{"type":"text","content":"\n \n \n \n 15 June 2022\n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n \n \n \n DP Poland plc\n \n \n \n (\"DP Poland\" or the \"Company\")\n \n \n \n Proposed Acquisition, Proposed Board Changes\n \n \n \n \n and\n \n \n \n \n Issue of Share Options\n \n \n \n \n Highlights\n \n \n \n ·\n DP Poland, the operator of pizza stores and restaurants across Poland, is pleased to announce that it has agreed terms (the \"Agreement\") to enter into a Share Purchase Agreement (\"SPA\") to acquire the entire issued share capital of\n All About Pizza d.o.o\n , trading as Domino's Croatia (the \"Transaction\").\n \n \n \n \n \n \n \n ·\n The Company will acquire the entire issued share capital of All About Pizza d.o.o for a total consideration of approximately £2.4 million to be satisfied by the issue of 29,787,234 ordinary shares in DP Poland based on an 8p per share issue price.\n \n \n \n \n \n \n \n ·\n All About Pizza d.o.o signed a Franchise Agreement with Domino's Pizza International Franchising Inc. in July 2019 to operate Domino's stores in Croatia and now operates two stores in Zagreb, with a third fully prefinanced and scheduled to open in June 2022.\n \n \n \n \n \n \n \n ·\n Proposed conditional appointment of Nils Gornall, Chief Executive Officer of\n All About Pizza d.o.o\n , and Andrew Rennie, ex-CEO of Domino's Pizza Enterprises in Europe, to the Board as Chief Executive Officer and Non-Executive Director respectively.\n \n \n \n \n \n ·\n A new stock option plan has been agreed which will be effective upon the proposed board appointments.\n \n \n \n \n \n \n \n \n Przemyslaw Glebocki, Non-Executive Director of DP Poland and Managing Partner at ACP, the Company's largest shareholder, said\n \n : \"We are very excited at the prospect of Andrew and Nils joining DP Poland. The Company has been transformed and is growing at a high pace, but we have an ambition for more. These appointments bring us the best in class Domino's operational and strategic experience. We remain acquisitive and Andrew's experience in that sph...