Domino’s Pizza Enterprises Enters into Binding Documentation with Bain Capital Domino HK

Domino’s Pizza Enterprises Limited (the Company) advises that it has entered into binding documentation with Bain Capital Domino Hong Kong Limited (Bain Capital) relating to the purchase of all of Bain Capital’s shares in the Domino’s Pizza Japan joint venture vehicle (DPJ). This follows receipt by the Company of a put option exercise notice from Bain Capital on 25 May 2017.

The purchase price, after associated completion costs and incorporating adjustments under the option pricing mechanism, will be approximately A$42 million. This is slightly below the amount of A$46.4 million recorded in the financial accounts of the Company for its financial year ended 2 July 2017. The purchase price will be funded out of existing cash reserves and existing debt facilities.

The transaction will be earnings per share accretive in the 2018 financial year.

Completion is expected to occur on 27 October 2017, at which time DPJ will become a wholly-owned subsidiary of the Company.

Flagstaff Partners acted as financial adviser to Domino’s Pizza Enterprises Limited and Thomson Geer acted as legal adviser.

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