Placing announcementDP Poland plc today, 16 June 2015, announced a conditional placing of 34,810,126 new ordinary shares in the capital of the Company at a price of 15.8 pence per Placing Share to raise approximately £5.5 million before expenses.
The Placing Shares represent approximately 36.5 per cent. of the existing issued share capital of the Company and the Placing Price represents a discount of approximately 9.1 per cent. to the closing mid-market price of 17.375 pence per Ordinary Share on 15 June 2015, being the last trading day immediately preceding the publication of this Announcement.
Peter Shaw, Chief Executive Officer of DP Poland commented:“The Company has delivered significant progress during the first 5 months of 2015. The strong financial and KPI performance from the stores gives the board comfort that our momentum is set to continue. The board is extremely pleased with the support that we have received from both existing and new investors during this fundraising and we are entirely focussed on delivering our growth strategy and realising the significant opportunity for Domino’s Pizza in Poland.”
The full announcement can be downloaded below.DPP_placing_announcement_Final
The placing circular can be found under ‘Other documents’ in the ‘AIM 26 Data’ section of this website.