REG - DP Eurasia N.V - Cancellation of conference call

DP Eurasia NVAnnouncement

28/11/2023 09:15

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RNS Number : 9087U  DP Eurasia N.V  28 November 2023

 

28 November 2023

 

DP Eurasia N.V.

("DP Eurasia" or the "Company")

 

Cancellation of conference call

 

DP Eurasia, the master franchisee of the Domino's Pizza brand in Turkey,
Azerbaijan and Georgia, announces that its conference call scheduled at 09:00
UK time this morning for analysts and investors to be updated on trading for
the ten months ended 31 October 2023, per the Company's trading update
published at 07:00 UK time, will be cancelled following the announcement by
Jubilant Foodworks Netherlands B.V. ("Jubilant Foodworks"), a wholly owned
subsidiary of Jubilant Foodworks Limited, that it intends to make an offer for
the entire issued and outstanding ordinary share capital of DP Eurasia N.V.
not already owned by Jubilant Foodworks.

 

The Company will provide a further response to the Jubilant Foodworks
announcement in due course.

 

 

Enquiries

 

 DP Eurasia N.V.
 İlknur Kocaer, CFA - Investor Relations Director   +90 212 280 9636

 Buchanan (Financial Communications)
 Richard Oldworth / Toto Berger/ Verity Parker      +44 20 7466 5000

                                                    dp@buchanan.uk.com (mailto:dp@buchanan.uk.com)

 

Notes to Editors

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand
in Turkey, Azerbaijan, and Georgia. The Company was admitted to the premium
listing segment of the Official List of the Financial Conduct Authority and to
trading on the main market for listed securities of the London Stock Exchange
plc on 3 July 2017. The Company (together with its subsidiaries, the "Group")
is the largest pizza delivery company in Turkey. The Group offers pizza
delivery and takeaway/ eat-in facilities at its 691 stores (675 in Turkey, 10
in Azerbaijan and 6 in Georgia) as of 30 June 2023 and operates through its
owned corporate stores (12%) and franchised stores (88%). In addition to its
pizza delivery business, the Group also has its own coffee brand, COFFY, which
trades from 51 stores at period-end, 38 of which are franchised. The Group
maintains a strategic balance between corporate and franchised stores,
establishing networks of corporate stores in its most densely populated areas
to provide a development platform upon which to promote best practice and
maximise profitability.

 

In line with the announcement on 21 August 2023, the Company has initiated the
steps to file for DP Russia's bankruptcy. This was preceded by the
announcement on 28 December 2022, which confirmed that the Company was
evaluating its presence in Russia, the impact of sanctions and its continuing
ability to serve its customers in Russia. In this connection, the Russian
segment was classified as discontinued operations within the Company's audited
financial statements for the year ended 31 December 2022 and also within the
(unaudited) financial statements for the period ended 30 June 2023.

 

 

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