Last checked at 6 Jun 2023 07:00
6 June 2023 LEI: 213800Q6ZKHAOV48JL75
Domino's Pizza Group plc
Completion of disposal of investment in German Associate
On 10 November 2022 Domino's Pizza Group plc ("Company") announced that it had exercised a put option to dispose of its investment in its German associate ("the Transaction").
The Transaction completed on 5 June 2023 with £79.9m of proceeds received. As previously announced, this comprises a put option exercise price of £70.6m and the repayment of a £9.3m loan.
As previously announced, the proceeds generated from the Transaction will be flowed through our capital allocation framework.
The Company will release half year results in August 2023 and will provide further details on the Transaction proceeds at that time.
The Company continues to execute the £20m buyback as announced in its Q1 2023 trading statement on 4 May 20231.
For further information, please contact:
Domino's Pizza Group plc:
Will MacLaren, Head of Investor Relations - 07443 192 118
Brunswick:
Tim Danaher, Emily Gainsford - 020 7404 5959
About Domino's Pizza Group
Domino's Pizza Group plc is the UK's leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino's stores in the UK and the Republic of Ireland.
1 As at 5 June 2023 the Company has executed £5.1m of the £20m buyback announced on 4 May 2023