AIM Fundraise of up to £20.5 million & Strategic Investment from Domino’s Pizza Group plc

Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Broker to DP Poland plc (‘DPP’), one of the leading Domino’s operators globally, on its oversubscribed fundraise and strategic investment from Domino’s Pizza Group plc.

The company has conditionally raised £19.5 million via a subscription of 110,887,096 new Ordinary Shares raising £11 million and an oversubscribed Placing of 85,685,483 new Ordinary Shares conducted via an Accelerated Bookbuild process raising £8.5 million, both at the Placing Price of 9.92p per share.

The Placing was significantly oversubscribed with the Company receiving orders of c.2.5 times the size of the proposed Placing.

DP Poland is seeking to raise a further £1 million through a Retail Offer conducted via the Bookbuild platform, which would take the total raised to £20.5 million.

The deal was well supported by new and existing shareholders, including an £11 million strategic investment from Domino’s Pizza Group plc.

Use of the Proceeds

The net proceeds of the Fundraising will be used to accelerate its growth strategy through the roll out of stores in Poland and Croatia, upgrade of stores in Poland, shift to a franchise model and through possible targeted acquisitions to reach 200 stores within three years, an important milestone on the way to approximately 500 stores by 2030 in Poland. £4 million will be used to repay, in part, the loan notes from Malaccan Holdings Ltd.

Announcement of the results of the Retail Offer is expected to occur on 15 April with Admission of the New Ordinary Shares to take place on 19 April (subject to Shareholders approving the Resolutions at the General Meeting on 18 April).

Nils Gornall, CEO of DP Poland, said:

“We are pleased to announce the completion of a significantly oversubscribed Fundraise which saw the Company upscaling the size of the Placing, subject to shareholder approval at the forthcoming general meeting. We are delighted with the overwhelming support we have received from our existing shareholders and new investors. This Fundraise will allow us to accelerate the Company’s growth strategy and realise our ambitions to become the leading pizza brand in Poland and Croatia.”

Singer Capital Markets is acting as Nominated Adviser and Broker to the Company.

About DP Poland plc

DP Poland has the exclusive right to develop, operate and sub-franchise Domino’s Pizza stores in Poland and Croatia. The group operates 116 stores and restaurants throughout cities and towns in Poland and Croatia.

Ticker: DPP
Market Cap: £91.9 million*
Website: Click here

*As at 27/03/2024