DP Poland PLC's Malaccan Holdings Concert Party Boosts Stake to 29.61% via AMC V Leonardo Share Acquisition

DP Poland’s Domino’s Franchise Operations in Central and Eastern Europe

DP Poland PLC possesses exclusive rights to develop, operate, and sub-franchise Domino's Pizza stores throughout Poland and Croatia, establishing itself as a major regional operator of the global pizza delivery brand. The company manages 142 Domino's locations across these markets, enabling it to serve both mature Polish urban areas and the growing Croatian consumer base. This dual-market presence offers operational diversification across two European economies with distinct demographics and economic environments.

In addition to Domino's, DP Poland owns Pizzeria 105, a secondary pizza brand with 70 locations throughout Poland. This dual-brand approach allows the company to target diverse market segments and consumer tastes within Poland, while maintaining the premium positioning of the Domino's brand. Together, these brands broaden revenue streams and provide operational flexibility, allowing management to adapt to varying market conditions and customer preferences across different price points in the Polish pizza sector.

Share Acquisition by Malaccan Holdings Concert Party Member at 6.86 Pence

On 21 July 2026, AMC V Leonardo SARL, acting as part of the Malaccan Holdings Ltd Concert Party, purchased 612,000 ordinary shares of 0.5 pence nominal value each via the London Stock Exchange at a price of 6.86 pence per share. This purchase supplements the existing stake held by the concert party in DP Poland PLC.

The transaction reflects ongoing investment activity within the company's shareholder base and indicates sustained confidence in DP Poland’s strategic position in the Polish and Croatian pizza markets. The acquisition increased the concert party’s shareholding by approximately 0.065% on the transaction date. Utilizing the London Stock Exchange for this transaction aligns with standard practices for UK public company share dealings.

Malaccan Holdings Concert Party Now Holds Nearly 30% of DP Poland

Following this acquisition, the Malaccan Holdings Ltd Concert Party holds a total of 279,425,426 ordinary shares in DP Poland PLC, representing 29.61% of the issued share capital. This substantial stake grants the concert party significant influence over corporate governance and strategic decisions requiring shareholder approval. Holding just under the 30% threshold, the concert party remains below the level that typically triggers enhanced disclosure obligations.

The concert party structure suggests coordinated shareholding among investors or entities with aligned interests. AMC V Leonardo SARL’s status as closely associated with Non-Executive Directors Przemysław Głębocki and Jakub Chechelski invokes regulatory disclosure requirements under UK Market Abuse Regulation and Financial Conduct Authority rules. This significant stake highlights the concert party’s critical role in the company’s capital structure, impacting future corporate strategy, dividend policies, and capital allocation decisions.

Regulatory Disclosure Obligations for PDMRs and Associated Persons

This announcement serves as an initial notification under UK regulations concerning persons discharging managerial responsibilities (PDMRs) and their closely associated persons. AMC V Leonardo SARL, being closely linked to two non-executive directors of DP Poland PLC, is required to disclose this share transaction to the market and the Financial Conduct Authority. Such disclosures enhance transparency around share dealings by parties with potential influence over the company.

These regulations aim to prevent conflicts of interest and insider trading by ensuring market participants are informed about share transactions by individuals with access to material non-public information or influence over company strategy. Although non-executive directors do not manage daily operations, their governance roles necessitate scrutiny of their and their associates’ share dealings. This initial notification marks the first formal disclosure of this particular shareholding transaction involving AMC V Leonardo SARL within the current regulatory period.

Core Asset: Exclusive Domino's Franchise Rights

DP Poland PLC’s exclusive rights to develop, operate, and sub-franchise Domino's Pizza stores in Poland and Croatia form its primary strategic asset and revenue source. Granted by Domino's Pizza International, these exclusive territorial rights create a competitive barrier, enabling the company to earn franchise fees, royalties, and operational profits from its 142-store network without competition from other Domino's franchisees in these regions.

The Domino's brand enjoys strong global consumer loyalty, particularly in delivery-focused pizza retail, providing DP Poland with established brand recognition and supply chain advantages. Being the sole Domino's operator in these markets allows DP Poland to leverage network economies, supplier agreements, and technology investments from the international parent brand, underpinning the group’s commercial viability and distinguishing it from independent pizza operators.

Market Positioning in Poland and Croatia

DP Poland operates within the pizza retail sectors of Poland and Croatia, two Central and Eastern European countries with differing consumer behaviors and competitive landscapes. Poland is a mature market with established pizza consumption and urban centers supporting delivery-based quick-service restaurants, while Croatia represents a developing market with growing consumer spending on convenience and international brands. This geographic diversification mitigates exposure to any single economy, though both remain influenced by broader European economic trends.

Poland’s pizza delivery segment has shown steady growth driven by urbanization, rising incomes, and online ordering adoption. Croatia offers expansion opportunities alongside competitive challenges as international and local brands develop. DP Poland’s presence in both markets enables it to capitalize on growth while flexibly allocating resources based on market potential.

Pizzeria 105: Secondary Brand Strategy in Poland

In addition to Domino's, DP Poland owns Pizzeria 105, an independent pizza brand with 70 locations across Poland. This secondary brand targets different market segments with alternative brand positioning, pricing, and product offerings compared to Domino's standardized franchise model. Pizzeria 105 appeals to consumers seeking local brands or varied product options, allowing DP Poland to capture a wider range of customer preferences within the Polish pizza market.

The dual-brand strategy reflects management’s understanding that distinct customer groups respond to different brand attributes. Pizzeria 105 offers operational flexibility in menu customization and pricing, reducing reliance on Domino's and enabling innovation and efficiency improvements. The 70-store Pizzeria 105 network contributes significantly to group revenue and operational scale within Poland.

Concert Party Structure and Management Links

The Malaccan Holdings Ltd Concert Party, through which AMC V Leonardo SARL holds its 29.61% stake, includes ties to non-executive directors Przemysław Głębocki and Jakub Chechelski. Such concert party arrangements typically represent coordinated investment strategies among shareholders with shared objectives, maintaining coherent ownership and collective influence over corporate decisions. The involvement of non-executive directors suggests alignment between strategic ownership and governance oversight.

Non-executive directors provide governance and strategic guidance without managing daily operations. Their association with the concert party may facilitate cohesive decision-making on capital allocation, dividends, and strategic initiatives. Regulatory disclosure requirements ensure transparency around potential conflicts or coordinated shareholder activities influencing company strategy.

Regulatory Transparency and Market Integrity

This announcement complies with UK regulations on significant shareholding disclosures and PDMR activities under the Market Abuse Regulation and Financial Conduct Authority rules. Persons closely associated with PDMRs must report securities transactions to inform market participants about share movements by individuals with governance influence or access to insider information. The disclosure includes share price, volume, transaction date, and venue, creating a public record of insider trading activity.

These requirements aim to prevent insider dealing, provide insight into governance dynamics, and uphold market integrity through transparent monitoring of insider transactions. The notification to both the company and regulators ensures investors and analysts receive timely information. Details such as the 6.86 pence share price, 612,000 shares acquired, and 21 July 2026 transaction date allow stakeholders to assess the transaction within broader market and company contexts.

Franchise Business Model and Revenue Streams

DP Poland’s business model generates revenue through franchise fees, royalties based on franchisee sales, initial franchise fees for new openings, and operational support charges from its 142 Domino's and 70 Pizzeria 105 locations across Poland and Croatia. This structure provides predictable income linked directly to franchisee sales performance, with corporate margins maintained via efficient support and supply chain management.

As both master franchisee and operator, DP Poland captures franchise revenues and operational profits from company-run units, enhancing profitability compared to pure franchise models. This dual revenue stream allows the company to benefit more fully from market growth and operational improvements. The franchise model also offers capital efficiency, as franchisees finance individual stores, reducing corporate capital expenditure requirements.