Business
Board Changes & Related Party Transaction
Board Changes & Related Party Transaction.
About this update from Dp Poland Plc
[{"type":"text","content":"\n\nDP Poland PLC\n(\"DP Poland\", the \"Company\" or the \"Group\")\n \nBoard Changes & Related Party Transaction\n \nDP Poland, the operator of Domino's pizza stores and restaurants across Poland and Croatia, announces that as a result of Andrew Rennie's appointment as an Executive Director of Domino's Pizza Group Plc., he will resign from the Board of DP Poland as a Non-executive Director with effect from 1 October 2023.\n \nAndrew is joining Domino's Pizza Group Plc., who operate and franchise Domino's stores in the UK and the Republic of Ireland, as Chief Executive Officer with effect from 1 August 2023. Given these new executive responsibilities Andrew will be standing down to allow complete focus on his new role. As a result of his resignation the Board have agreed that Andrew will no longer subscribe for a further 3,191,489 Second Subscription Shares at 8 pence, as contemplated following the acquisition of All About Pizza d.o.o on 29 July 2022 (the \"Waiver\"). Andrew will remain a committed and supportive shareholder in respect of his current 2% shareholding in the Company.\n \nAndrew Rennie's share options will cease vesting when he leaves the Board at the beginning of October 2023, with full details provided in the 2023 Annual Report.\n \nThe Board will commence a process to identify a replacement independent Non-Executive Director.\n \nStatement from Andrew Rennie, Non-Executive Director of DP Poland:\n\"It's been fantastic to be part of the DP Poland team. Poland is one of the fastest growing Domino's markets globally in 2023. I have worked with Nils Gornall in Domino's businesses for more than 20 years and I believe that under his leadership the company is on the right track. David Wild also has extensive experience of the Domino's brand across different markets and I am confident in their ability to deliver value for customers and shareholders. I look forward as a committed shareholder to seeing our strategy executed to capitalise on the huge opportunities in front of the business.\"\n \nStatement from David Wild, Chairman of DP Poland:\n\"On behalf of the Board, I'd like to thank Andrew for his significant contribution to the Company over the past year. His long history with the Domino's brand in different geographies has been instrumental in helping set DP Poland on the pos...