5th Oct 2016 06:39
LONDON (Alliance News) - DP Poland, which runs franchises of Domino's Pizza in Poland, on Wednesday said it has raised GBP3.2 million via a placing to accelerate its store roll-out plans.
The company said it had GBP5.3 million in cash on its books at the end of June and, while this is enough to back its current roll-out plans, its robust current trading has caused it to accelerate its opening plans.
The proceeds from the placing will be used to open an additional 20 stores, ahead of current market expectations, by 2020, by which time it wants to have 100 stores in total.
DP Poland will issue 6.7 million shares at 48.00 pence per share to raise the funds. DP Poland shares closed at 48.50p on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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