Result of Tender Offer

RNS Number : 0246E

Domino's Pizza UK & IRL PLC

11 December 2009

 



Domino's Pizza UK & IRL plc

11 December 2009 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 

Domino's Pizza UK & IRL plc (the "Company")

Result of Tender Offer

The board of the Company is pleased to announce that pursuant to the Tender Offer made by Numis Securities Limited ("Numis") and Altium Capital Limited ("Altium"), which closed at 1.00pm earlier today, valid tenders were received for 2,271,330 ordinary shares of 1.5625 pence each in the capital of the Company ("Ordinary Shares"). The Tender Price is 292 pence per Ordinary Share. 

In accordance with the terms of the Tender Offer, Shareholders who tendered to sell Ordinary Shares less than or equal to their Basic Entitlement will have their tender satisfied in full and Shareholders who tendered to sell Ordinary Shares in excess of their Basic Entitlement  will have their tender satisfied up to their Maximum Entitlement. Accordingly, Numis and Altium will acquire 2,271,330 Ordinary Shares (the "Tendered Shares") at a price of 292 pence per Ordinary Share (the "Tender Price"), for a total aggregate consideration of approximately £6.6 million.

Under the terms of the Tender Offer, the purchase of the Tendered Shares will be effected by Numis and Altium today. The Tendered Shares purchased by Numis and Altium respectively will be subsequently acquired for cancellation (the "Cancellation") by the Company at the Tender Price in accordance with the terms of the repurchase agreement entered into by the Company, Numis and Altium on 30 November 2009.

The consideration payable to Shareholders who have successfully tendered Ordinary Shares under the Tender Offer is expected to be despatched to such Shareholders, or appropriate arrangements made in accordance with the CREST assured payment arrangements, on 16 December 2009.

The Company advises that, on completion of the Tender Offer and the Cancellation, its issued share capital will comprise 161,496,383 Ordinary Shares. 

Capitalised terms used in this announcement and not otherwise defined herein have the same meanings given in the circular containing the formal terms and conditions of the Tender Offer sent to Shareholders on 1 December 2009.

Enquiries:
Domino's Pizza UK & IRL plc Lee Ginsberg, Chief Financial Officer	[phone]
Numis Securities Ltd  Corporate Broking: David Poutney / James Serjeant Corporate Finance: Richard Thomas	[phone]
Altium Capital Limited Ben Thorne / Tim Richardson	[phone]
Hogarth Partnership Ltd  Fiona Noblet / Anthony Arthur / Simon Hockridge	[phone]

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the Tender Offer and will not regard any other person (whether or not a recipient of the Circular) as a client in relation to the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice in relation to the Tender Offer or any matters referred to in this announcement.

Altium Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the Tender Offer and will not regard any other person (whether or not a recipient of the Circular) as a client in relation to the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice in relation to the Tender Offer or any matters referred to in this announcement.

 

END

 

 

RTETBBRTMMTBBLL