REG - Domino's Pizza Grp - Completion of Shorecal Limited acquisition

Domino's PizzaAnnouncement

11/04/2024 07:00

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RNS Number : 0856K  Domino's Pizza Group PLC  11 April 2024

11 April 2024
 
LEI: 213800Q6ZKHAOV48JL75

 

Domino's Pizza Group Plc

 

 Completion of Shorecal Limited acquisition

 

On 12 March 2024, Domino's Pizza Group plc ("DPG" or the "Company") announced
that it had entered into a binding sale and purchase agreement to acquire the
remaining 85% shareholding it does not already own in Shorecal Limited, the
largest Domino's franchise business operating in the Republic of Ireland and
Northern Ireland), for a total consideration of €72m (approximately £62m)
(the "Consideration").

The Company is pleased to announce that, following clearance by the Republic
of Ireland's Competition and Consumer Protection Commission, the transaction
has now completed.

As previously announced, 61% of the Consideration is payable in cash, with the
remaining 39% to be satisfied by an issuance of shares in the Company based on
the VWAP of the Company's shares for the trailing 3-month period.

Applications have been made to the Financial Conduct Authority for admission
of the 6,700,909 new ordinary shares (the "New Shares") to the premium listing
segment of the Official List of the Financial Conduct Authority and to London
Stock Exchange plc for admission to trading of such New Shares on its main
market for listed securities (together, "Admission") and Admission is expected
to take place at 8.00 a.m. on 16 April 2024. The New Shares will rank pari
passu with the existing ordinary share capital of the Company.

In accordance with the FCA's Disclosure Guidance and Transparency Rules,
following this issue, the Company's issued share capital consists of
401,443,336 ordinary shares of 25/48 pence each.

The figure of 401,443,336 ordinary shares should be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

For further information, please contact:

Domino's Pizza Group plc:

Will MacLaren, Head of Investor Relations
07443 192 118

 

Brunswick:

Tim Danaher, Abbie Sampson

020 7404 5959

 

About Domino's Pizza Group

Domino'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.

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