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DP Poland to raise £5 million to fund new pizza delivery stores

Staff Writer |
DP Poland, which operates Domino's Pizza stores in Poland, said on Monday it will raise about £5 million from a share placing to fund the roll-out of new store openings.

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The company is to raise the funds from an acceleated bookbuild with the number of shares to be issued, the placing price and the timing of the admission of the shares to trading on AIM to be published around Friday.

The company said that it wants to maintain the momentum seen in the first quarter of 2017 of 19% like-for-like revenue growth with new store openings.

DP Poland plans to open 15 new stores in 2018 and provide loans for five sub-franchised store openings in 2019, as well as increase investment in marketing.

So far this year the company has opened nine stores.

Chief executive Peter Shaw said the store openings, sub-franchised openings and marketing would help establish "Domino's Pizza as a key player in the Polish pizza delivery market".

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