Last checked at 
DP Poland PLC - Polish Domino's Pizza franchisor - Agrees to buy entire issued share capital of Dominium SA, a Polish pizza restaurant group. The deal will be satisfied by issue of 283.8 million shares at 8 pence each and a unsecured loan note of EUR1.3 million to Malaccan Holdings Ltd. In addition, outstanding debt of ABOUT EUR6.2 million, currently due from Dominium to Malaccan Holdings under certain existing shareholder loans, will be converted into a further unsecured loan note of EUR6.2 million that will be issued to Malaccan Holdings on the same terms and in substitution for that outstanding debt. In total EUR7.5 million loan notes will be issued by the company and remain to Malaccan Holdings upon completion of the deal.
DP Poland will raise GBP3.5 million through placing and subscription of 43.8 million new shares at 8p each. Net proceeds of the raising will principally be applied towards capital expenditure for integration and costs, network optimisation and for general working capital purposes.
Current stock price: suspended, last quoted at 7.25 pence
Year-to-date change: up 53%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
