REG - DP Poland PLC - Board Changes

DP PolandAnnouncement

05/04/2022 07:00

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RNS Number : 2128H  DP Poland PLC  05 April 2022

DP Poland plc

("DP Poland" or the "Company")

Board Changes

 

DP Poland, the operator of pizza stores and restaurants across Poland, is
pleased to announce the appointment of Peter Furlong to the Board as
Non-Executive Director, with immediate effect.

Mr Furlong has a background working as a debt and equity proprietary trader
with Morgan Stanley and RBS. Following this, he joined Pageant Holdings
Limited ("Pageant"), an Ireland-based family office where he is currently a
Director. Pageant has been invested in DP Poland since 2013 and has supported
the Company through its recent fundraising rounds in December 2020 and
November 2021. Pageant is a family office that invests in undervalued stocks
and growth equity stories. Pageant holds 59,884,633 ordinary shares in DP
Poland, equating to approximately 9.7% of the total voting rights.

In addition, Nick Donaldson, Non-Executive Chairman of the Company, announces
his intention to retire from the Board from the date of the 2022 annual
general meeting.

Przemyslaw Glebocki, Non-Executive Director of DP Poland and Managing Partner
at ACP, the Company's largest shareholder, said: "I would like to thank Nick
for the guidance and support that he has contributed to DP Poland over the 12
years of his directorship. Nick was one of the founding directors of DP Poland
and was instrumental in the merger with Dominium, which was a transformational
transaction for the Company. I am delighted to welcome Peter to the Board and
I look forward to our close cooperation. The Company is in a strong position
for further dynamic expansion, through both organic growth and acquisitions,
and Peter's contribution will be particularly helpful in case of the latter."

Nick Donaldson, Non-Executive Chairman of DP Poland, said: "After 12 years of
directorship I have decided to retire from my Board position. I am leaving the
Company with a stable shareholding structure, having completed the
transformational merger which has positioned the Company well for further
dynamic growth. I remain a shareholder of DP Poland and I wish all the best to
the Board."

Peter Furlong, incoming Non-Executive Director of DPP said: "I am excited by
the prospects of DP Poland and to support the Board. We are long term value
investors in companies where we see compelling growth opportunities. There is
clearly an exciting opportunity to consolidate the fragmented market place in
Poland and further afield. I look forward to working with the Board of DP
Poland to execute on the next exciting phase of growth and hopefully emulating
the significant shareholder value creation that has been enjoyed by other
listed Dominos Plcs around the globe."

The following disclosures are required regarding Mr Furlong's appointment
pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ("AIM
Rules"):

Full name: Peter Joseph Furlong

Age: 43

Current directorships:

·    Melcorpo Commercial Properties Unlimited Company

·    Melcorpo Finance Unlimited Company

·    Melcorpo Unlimited Company

·    Pageant Holdings Limited

·    Pageant Limited

·    Ekco Cloud Holdings Designated Activity Company

Previous directorships in the last five years:

·    Pageant Commercial Properties Limited

·    Pageant Investments Limited

·    Marlfield Mall Management Company

Pageant Commercial Properties Limited and Pageant Investments Limited were
dissolved via creditors' voluntary winding up on 4 June 2019 and 29 July 2019
respectively.

Mr Furlong holds 1,050,000 ordinary shares in DP Poland personally, and
700,000 via a CFD. Pageant Holdings Limited owns 59,884,633 ordinary shares in
the Company and Mr Furlong owns 20% of Melcorpo Unlimited, the beneficial
owner of Pageant.

Save as set out above, there is no further information to be disclosed in
respect of Peter Furlong under Schedule 2(g) of the AIM Rules.

Enquiries:

 DP Poland plc                                              Tel: +44 (0) 20 3393 6954
 Nick Donaldson, Non-Executive Chairman

 Singer Capital Markets (Nominated Adviser and Broker)      Tel: +44 (0) 20 7496 3000
 Shaun Dobson / Will Goode / Amanda Gray

 

Notes for editors

About DP Poland plc

DP Poland, through its wholly owned subsidiary DP Polska S.A., has the
exclusive right to develop, operate and sub-franchise Domino's Pizza stores in
Poland. Following its acquisition of Dominium S.A., which constituted a
reverse takeover under the AIM Rules for Companies, the group now operates
over 100 stores and restaurants across a number of cities and towns in Poland.

 

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