10 November 2022
DP Poland plc
("DP Poland" or the "Company")
Issue of Options, Exercise of Options & TVR
DP Poland, the operator of pizza stores and restaurants across Poland and Croatia, announces certain dealings in its shares as detailed below.
Issue of Options
The Company has granted 9,333,333 share options over ordinary shares of 0.5 pence each in the Company ("Share Options") under the new stock option plan announced on 15 June 2022 ("SOP") to certain board members/employees as follows:
| Name | Position | Number of Share Options granted | Options as a % of Issued Share capital following Admission (as defined below) |
| Jeremy Dibb | Non-Executive Director | 1,000,000 | 0.1% |
| Piotr Dzierzek | Deputy CEO | 3,500,000 | 0.5% |
| Maciej Jania | Head of Revenue | 3,500,000 | 0.5% |
| Patrycja Venulet | Chief Marketing Officer | 2,333,333 | 0.3% |
The Share Options issued to Jeremy Dibb will vest subject to time on the same basis outlined below.
Of the Share Options issued to Piotr Dzierzek, Maciej Jania and Patrycja Venulet, 50% will time vest and 50% will vest subject to meeting certain performance indicators being met or exceeded.
Of the time-vesting portion of the Share Options, 25% vest 12 months from the date of the SOP announcement on 15 June 2022 and 75% vest in 36 equal monthly instalments thereafter. The Share Options linked to key performance indicators carry the performance criteria of EBITDA, which must be achieved annually over the vesting period, and total number of stores target.
The exercise price of the Share Options granted is 8 pence per share.
Exercise of Options
The Company also announces that it has issued 520,231 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") pursuant to an exercise of options by Christopher Moore, previous Non-Executive Director and Maciej Jania, Head of Revenue.
Application has been made to the London Stock Exchange for 520,231 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 15 November 2022.
Total Voting Rights
Following Admission, the Company's total issued share capital will be 712,393,662 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 712,393,662.
This figure of 712,393,662 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
| DP Poland plc |
| Tel: +44 (0) 20 3393 6954 |
| Nils Gornall, CEO | | |
| | | |
| Singer Capital Markets (Nominated Adviser and Broker) |
| Tel: +44 (0) 20 7496 3000 |
| Shaun Dobson / Will Goode / Amanda Gray | | |
Notes for editors
About DP Poland plc
DP Poland, has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland and Croatia. The group operates over 120 stores and restaurants throughout cities and towns in Poland and Croatia.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Jeremy Dibb | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | DP Poland plc | ||||
| b) | LEI | 213800LPZBU5RPY7A394 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.5 pence each GB00B3Q74M51 | ||||
| b) | Nature of the transaction | Grant of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 8 November 2022 | ||||
| f) | Place of the transaction | Off Market
| ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Piotr Dzierzek | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Deputy Chief Executive Officer | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | DP Poland plc | ||||
| b) | LEI | 213800LPZBU5RPY7A394 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.5 pence each GB00B3Q74M51 | ||||
| b) | Nature of the transaction | Grant of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 8 November 2022 | ||||
| f) | Place of the transaction | Off Market
| ||||
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