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DP Poland Gets High Demand For Bolt-On Equity Raise (ALLISS)

Thu, 14th Feb 2019 10:46

LONDON (Alliance News) - DP Poland PLC on Thursday confirmed it has raised GBP500,000 via a broker option which attracted "significant" demand.

A week ago, at the same time as a GBP5.3 million share placing, DP Poland said its broker Peel Hunt LLP would be offering 8.3 million shares at 6 pence each.

In the combined placing as a result, 96.7 million shares were placed in total at 6p, raising GBP5.8 million for the Domino's Pizza franchisee.

DP Poland shares were down 1.3% on Thursday at 7.90p. The placing price was a 58% discount to the stock's market price of 14.35p last week.

At the same time as the placing announcement last week, DP Poland Chief Executive Peter Shaw said he would be leaving.

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