Director/PDMR Shareholding

RNS Number : 3368H

Domino's Pizza UK & IRL PLC

26 May 2011

 



Domino's Pizza UK & IRL plc

26 May 2011

For immediate release

Director/PDMR Shareholding

Further to the announcement made by Domino's Pizza UK & IRL plc (the "Company") on 6 April 2011, entitled Director/PDMR Shareholding (the "Announcement"), the Company announces that it has received notice of a further order granted by the High Court of Justice, Queen's Bench Division, Commercial Court on 10 May 2011 (the "Court") in respect of certain of the ordinary shares of 1.5625 pence in the capital of the Company (the "Ordinary Shares") held by HS Real Company LLC ("HS Real") (the "Order").

HS Real is a company owned by a discretionary trust, the beneficiaries of which are the adult children of Colin Halpern (the Non-Executive Vice-Chairman of the Company). Colin Halpern is also the Managing Director of HS Real. The Interim Charging Order relates to 4,757,900 Ordinary Shares held by HS Real.

On 1 April 2011, the Court granted an interim charging order to Spring Finance Limited ("Spring Finance") to enforce a judgment of debt of HS Real in the amount of £2,224,375.77 (together with further interest that may become due on that amount and the costs of applying for enforcement of the judgement debt) (the "Interim Charging Order"). The Interim Charging Order related to 4,757,900 Ordinary Shares held by HS Real. The Interim Charging Order prohibits the transfer of any of the Ordinary Shares held by HS Real or the payment of any dividend, interest or redemption by the Company relating to those Ordinary Shares.

The Order provides that the Interim Charging Order remains in force until further order of the Court. Further Court hearings are scheduled to take place in respect of this matter and we will provide an update in the event that there is any change to the status of the Interim Charging Order.

The dispute between HS Real and Spring Finance continues to be unrelated to the Company. 

Enquiries:

Domino's Pizza UK & IRL plc

Lee Ginsberg, Chief Financial Officer                       01908 580604

 

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