REG - Domino's Pizza Grp - Share Repurchase Programme

Domino's PizzaAnnouncement

16/03/2018 07:00

RNS Number : 8778H
Domino's Pizza Group PLC
16 March 2018
LEI: 213800Q6ZKHAOV48JL75
DOMINO'S PIZZA GROUP PLC
SHARE REPURCHASE PROGRAMME
Domino's Pizza Group plc (the "Company") announces that from today until 31 December 2018 it will commence a discretionary programme to purchase up to 32 million of the Company's ordinary shares of 25/48 pence each (the "Ordinary Shares") (the "Programme"). The 32 million represents the balance remaining of the 50 million, less the 18 million purchased by the Company in this year to date, as announced by the Company on 8 March 2018.
The purposeof the Programme is to reduce the Company's share capital and accordingly the Company intends to cancel the Ordinary Shares purchased under the Programme.
Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished Inside Information.
The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 20 April 2017, which authority will expire at the end of the next Annual General Meeting of the Company in 2018 or, if earlier, at the close of business on 20 July 2018 ("2017 Authority"), Chapter 12 of the Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes. Purchases effected following the expiry of the 2017 Authority will be conditional on a similar shareholder authority being granted at the Company's annual general meeting to be held on 19 April 2018.
The aggregate maximum consideration payable by the Company in respect of the purchase of shares under the Programme up to 31 December 2018 is 32 million. The maximum number of shares that may be purchased under the Programme is 49,196,705 (being the number of shares able to be purchased under the 2017 Authority), less the 10,480,070 shares purchased to date under this authority.
Enquiries:
For Domino's Pizza Group plc:
Peregrine Riviere
07909 907193
Maitland
Sam Cartwright / Clinton Manning
020 7379 5151
Notes to Editors:
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, the Republic of Ireland, Switzerland, Luxembourg and Liechtenstein. In addition, we have a controlling stake in the holders of the Domino's master franchise agreements in Iceland, Norway and Sweden, as well as an associate investment in Germany.

This information is provided by RNS
The company news service from the London Stock Exchange
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