DP Eurasia N.V. announced that Jubilant Foodworks Netherlands B.V. (Jubilant), a PCA of certain PDMRs, has acquired 161,837 ordinary shares in the company from market purchases on 31 January 2024. Additionally, Jubilant has received acceptances to its offer for the entire issued and outstanding ordinary share capital of DP Eurasia, amounting to 21,317,251 DP Eurasia Shares. Upon settlement of this acceptance, Jubilant will hold a total of 137,319,633 DP Eurasia Shares, which is equal to 93.68% of the Company's outstanding issued share capital.
Jubilant FoodWorks Netherlands B.V. is a PCA of Shyam S. Bhartia and Hari S. Bhartia, who are Non-Executive Directors of DP Eurasia N.V. The acquisition of shares by Jubilant includes 161,837 DP Eurasia Shares through market purchases and the acceptance of 21,317,251 DP Eurasia Shares. The prices for these transactions were 1.09 GBP per share for the market purchases and 1.10 GBP per share for the acceptances.
The transactions took place on 31 January 2024, and the details were supplied by Euroland.com. Upon completion of the acquisition and acceptance, Jubilant will hold a significant majority stake in DP Eurasia N.V., with 137,319,633 DP Eurasia Shares, representing 93.68% of the company's outstanding issued share capital.