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Pin to quick picksDp Poland Share News (DPP)

Share Price Information for Dp Poland (DPP)

London Stock Exchange
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Share Price: 11.00
Bid: 10.50
Ask: 11.50
Change: 0.10 (0.92%)
Spread: 1.00 (9.524%)
Open: 11.00
High: 11.25
Low: 11.00
Prev. Close: 10.90
DPP Live PriceLast checked at -

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DP Poland aims to raise dough after placing 34.8m shares

Tue, 16th Jun 2015 10:27

DP Poland, which operates Domino's Pizza outlets in Poland, has placed 34.8m shares at 0.5p each in a bid to raise approximately £5.5m.The shares, which were placed at a discount of 9.1% to Monday's closing price, represent approximately 36.5% of the company's existing issued share capital, DP said in a statement on Tuesday.The London-listed company said the funds will be used to accelerate the roll-out of outlets across Poland, where DP plans to open 20 new stores between 2016 and 2017, with a view to eventually sub-franchise the Domino's Pizza brand in the country.DP added it remained on track to meet annual expectations after a strong performance in the second quarter.DP shares were down 2.45% to 16.95p at 10:41 on Tuesday.
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