Result of Retail Offer
DP Poland raised £20.5 million gross via subscription, placing and oversubscribed retail offer.
- Gross proceeds from Retail Offer £1 million
- Total gross proceeds from Fundraise £20.5 million
- Retail Offer oversubscription 1.4x
- New Ordinary Shares issued in Fundraise 206,653,224
- New Ordinary Shares from Retail Offer 10,080,645
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THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF DP POLAND PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS.
DP Poland plc
("DP Poland", the "Group", or the "Company")
Result of Retail Offer
Further to the announcement made by the Company on 28 March 2024, DP Poland, the operator of pizza stores and restaurants across Poland and Croatia, is pleased to announce that it has raised gross proceeds of £1 million pursuant to the Retail Offer which was oversubscribed with the Company receiving orders of c.1.4 times the size of the Retail Offer. As a result, the Company has conditionally raised a total of approximately £20.5 million before expenses pursuant to the Subscription, Placing and Retail Offer (together, the "Fundraise").
The Subscription, Placing and Retail Offer remain subject to, inter alia, the passing of certain Resolutions at a General Meeting of the Company on 18 April 2024.
10,080,645 Ordinary Shares will be issued as a result of the Retail Offer. In total, 206,653,224 New Ordinary Shares will be issued pursuant to the Fundraise.
Application will be made for the Subscription Shares, Placing Shares and Retail Offer Shares to be admitted to trading on AIM and, subject to the passing of the Resolutions, it is expected that Admission will become effective and that dealings in the Subscription Shares, Placing Shares and Retail Offer Shares will commence at 8.00 a.m. on 19 April 2024.
Related Party Transactions
Jeremy Dibb, Non-Executive Director, has participated in the Retail Offer as shown below:
| Number of Existing Ordinary Shares | Percentage of existing issued share capital | Number of New Ordinary Shares subscribed for | Total number of Ordinary Shares held on Admission | Percentage of Enlarged Share Capital on Admission | |
|---|---|---|---|---|---|
| Jeremy Dibb | 752,295 | 0.11% | 241,935 | 994,230 | 0.11% |
The participation by Jeremy Dibb in the Placing constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies.
The directors (with the exception of Jeremy Dibb who is involved in the transaction as a related party) consider, having consulted with the Company's nominated adviser, Singer Capital Markets Advisory LLP, that the terms of the participation in the Retail Offer by Jeremy Dibb are fair and reasonable insofar as Shareholders are concerned.
Capitalised terms used in this announcement have the meanings given to them in the Circular posted to shareholders on 2 April 2024.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.