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Domino's Pizza Group PLC   -  DOM   

Share Repurchase Programme

Released 07:00 15-Dec-2017

RNS Number : 4079Z
Domino's Pizza Group PLC
15 December 2017
 

LEI: 213800Q6ZKHAOV48JL75

 

DOMINO'S PIZZA GROUP PLC

 

 

SHARE REPURCHASE PROGRAMME

 

Domino's Pizza Group plc (the "Company") announces that from today until 8 March 2018 it will commence an irrevocable, discretionary programme to purchase up to £20 million of the Company's ordinary shares of 25/48 pence each (the "Ordinary Shares") (the "Programme").

The purpose of the Programme is to reduce the Company's share capital and accordingly the Company intends to cancel the Ordinary Shares purchased under the Programme.

Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished Inside Information.

The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 20 April 2017, which authority will expire at the end of the next Annual General Meeting of the Company in 2018 or, if earlier, at the close of business on 20 July 2018 ("2017 Authority"), Chapter 12 of the Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes. 

The aggregate maximum consideration payable by the Company in respect of the purchase of shares under the Programme up to 8 March 2018 is £20 million. The maximum number of shares that may be purchased under the Programme is 44,526,635 (being the number of shares able to be purchased under the 2017 Authority, less shares purchased to date under the 2017 authority).

 Enquiries:

For Domino's Pizza Group plc:
Peregrine Riviere
07909 907193

Maitland:
James Devas
020 7379 5151

Notes to Editors:

Domino's Pizza Group plc is the leading player in the fast-growing pizza market holding the exclusive master franchise to own, operate and franchise Domino's Pizza stores in the UK, Republic of Ireland, Switzerland, Liechtenstein and Luxembourg. Additionally it owns a strategic stake in the largest pizza delivery business in Germany and a controlling interest in the holders of the Domino's master franchises in Iceland, Norway and Sweden. The first UK store opened in Luton in 1985 and the first Irish store opened in 1991.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Share Repurchase Programme - RNS