DP Eurasia N.V. announced that Jubilant Foodworks Netherlands B.V. (Jubilant), a Person Closely Associated (PCA) of certain Persons Discharging Managerial Responsibilities (PDMRs), has acquired 2,888 ordinary shares in the company through market purchases on 30 January 2024. Additionally, Jubilant has received acceptances to its offer for the entire issued and outstanding ordinary share capital of DP Eurasia, amounting to 29,149,701 DP Eurasia Shares. Upon settlement of this acceptance, Jubilant will hold a total of 115,840,545 DP Eurasia Shares, equivalent to 79.02% of the Company's outstanding issued share capital.
The PDMRs associated with Jubilant include Shyam S. Bhartia and Hari S. Bhartia, who are Non-Executive Directors of DP Eurasia. The acquisition of ordinary shares and the acceptances to the offer were the reasons for the notification. The nature of the transaction involved Jubilant acquiring 2,888 ordinary shares through market purchases and receiving acceptances to its offer for a significant number of DP Eurasia Shares.
The transactions involved the acquisition of 2,888 DP Eurasia Shares at 1.09 GBP per share through market purchases and acceptances to the offer for 29,149,701 DP Eurasia Shares at 1.10 GBP per share. These transactions resulted in Jubilant holding a total of 115,840,545 DP Eurasia Shares. The dates of the transactions were 29th and 30th January 2024, and the place of the transaction was supplied through Euroland.com.
This notification provides insight into the recent acquisition of DP Eurasia shares by Jubilant Foodworks Netherlands B.V., shedding light on the details of the transactions and the resulting impact on the shareholding of DP Eurasia.