DP Eurasia N.V., the master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia, has announced an Extraordinary General Meeting (EGM) to be held on 2 April 2024. This follows the recommended increased and final cash offer by Jubilant Foodworks for the entire issued and outstanding share capital of the company. Jubilant Foodworks intends to convert DP Eurasia into a Dutch private company and acquire 100% of the shares and/or the business and operations of DP Eurasia.
At the time of the notice, Jubilant Foodworks holds approximately 93.92% of the company's issued share capital. The cancellation of listing and trading of DP Eurasia shares will significantly reduce their liquidity and marketability, potentially affecting their value. Shareholders who do not accept the Increased Offer will become minority shareholders in a majority-controlled private company.
The EGM will consider and, if thought fit, approve resolutions regarding the discharge of the Company's directors from liability, the appointment of Jubilant Foodworks Netherlands B.V. as an executive director, the appointment of Mr. Deepak Kumar Jajodia as a non-executive director, and the amendment of the Articles to convert the Company into a private company with limited liability.
Additionally, several directors have given notice to resign from the Company. The notice of the EGM will be available on the Group's website and the National Storage Mechanism. DP Eurasia confirms that no disclosures are required pursuant to Listing Rule 9.6.13.
For further information, interested parties can contact Buchanan on +44 20 7466 5000 or [email protected].