DPEU.L Share News (DPEU)

IN BRIEF: DP Eurasia to be taken private following Jubilant offer

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Expects shares to be cancelled on February 28 following the agreed 110 pence per share bid by Jubilant Foodworks Netherlands BV. Explains Jubilant Foodworks then intends to convert DP Eurasia into a Dutch private company with limited liability and to ultimately acquire 100% of the DP Eurasia shares and/or the business and operations of DP Eurasia. DP Eurasia points out this will significantly reduce the liquidity and marketability for DP Eurasia shareholders, who have not accepted the bid, and their value may be affected as a consequence. Says offer has been accepted by 94% of shareholders to date. Notes remaining DP Eurasia shareholders will become minority investors in a majority controlled private company with limited liability and may therefore be unable to sell their DP Eurasia shares. Further DP Eurasia calls emergency general meeting for April 2. Jubilant Foodworks already holds the master franchise rights from Domino's Pizza to develop and operate its stores across India, Sri Lanka, Bangladesh and Nepal.

IN BRIEF: DP Eurasia store count at 796 at end of 2023

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Says its store count is at 796 as of December 31, including 690 Domino's Turkey stores. Adds that its Coffy brand "is profitable, operates in a market with high frequency of coffee consumption and is on the path to become one of the top five coffee brands in Turkey" by the end of 2024.

IN BRIEF: DP Eurasia to axe listing as Jubilant bid gets 76% backing

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Jubilant Foodworks Netherlands BV reports acceptances from shareholders representing 76% of DP Eurasia shares. Accordingly, the listing of DP Eurasia shares on the premium listing segment of the Official List and the trading of DP Eurasia Shares on the London Stock Exchange's Main Market is to be cancelled. This will take effect on February 27. Jubilant Foodworks urges remaining shareholders to accept increased bid. Earlier January, DP Eurasia received a final takeover offer from Jubilant worth GBP161 million 110 pence per share.

DP Eurasia shares rise as Jubilant makes "increased and final" offer

(Alliance News) - DP Eurasia NV on Tuesday received a final takeover offer from Jubilant Foodworks Ltd, which values it at over GBP161 million.

IN BRIEF: Jubilant Foodworks extends deadline for DP Eurasia offer

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Jubilant Foodworks Netherlands BV extends deadline for acceptance of bid for shares it does not already own in DP Eurasia to January 31. On November 28, Jubilant launched a 85 pence per share offer for DP Eurasia which it raised to 95p per share in December.

DP Eurasia till negotiating with Jubilant Foodworks over takeover

(Alliance News) - DP Eurasia NV on Thursday said it is still in negotiations with Jubilant Foodworks Netherlands BV, a subsidiary of Jubilant Foodworks Ltd, despite an announcement from Jubilant that it is not in negotiations.

DP Eurasia urges shareholders against Jubilant Foodwork's new offer

(Alliance News) - DP Eurasia NV on Tuesday responded to an improved takeover bid by Jubilant Foodworks Netherlands BV.

DP Eurasia rejects new £140m takeover offer, lifts profit guidance

(Sharecast News) - Shares in DP Eurasia, the UK-listed franchisee of Domino's Pizza stores in Turkey, Azerbaijan and Georgia, shot up on Tuesday after the board recommended against an increased takeover offer by majority shareholder Jubilant Foodworks Netherlands.

IN BRIEF: DP Eurasia "extremely disappointed" in Jubilant Foodworks

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Says it is "extremely disappointed" that now-majority shareholder Jubilant Foodworks Netherlands BV made a takeover offer for the company without trying to reach agreement with the board first. Following share purchases made this week, Jubilant holds a 53.5% stake in DP Eurasia. Under company rules, Jubilant would have had to make a mandatory offer for the rest of the company on the day it exceeded a 50% holding, but DP Eurasia notes that Jubilant made its offer of 85 pence per share on Tuesday, when it only had a 48.8% stake. The offer values all of DP Eurasia at GBP124.6 million.

IN BRIEF: Jubilant buys more DP Eurasia shares as looks to buy firm

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Jubilant Foodworks Netherlands BV acquires 855,970 DP Eurasia shares at a price of 84.75 pence each and 1.0 million shares at a price of 84.26p per share in London. Jubilant now owns 78.5 million DP Eurasia shares or 54%.

UPDATE: Jubilant increases stake in bid target DP Eurasia above 50%

(Alliance News) - Jubilant Foodworks Netherlands BV on Tuesday said it had acquired around 3.9 million shares in bid target DP Eurasia NV.

UPDATE: DP Eurasia says "take no action" as sizing up Jubilant bid

(Alliance News) - DP Eurasia NV on Tuesday told shareholders to take no action after the pizza chain master franchisee received an unsolicited takeover bid.

DP Eurasia soars on takeover offer; celebrates revenue jump

(Alliance News) - DP Eurasia NV on Tuesday received a takeover bid from Jubilant FoodWorks Ltd's Dutch subsidiary for its remaining shares and separately reported a boost in year-to-date sales.

UK earnings, trading statements calendar - next 7 days

EARNINGS: accesso Tech turns to loss on costs; DP Eurasia hails Turkey

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Tuesday and not separately reported by Alliance News: