LONDON: Jubilant Foodworks Netherlands B.V., a wholly owned subsidiary of Jubilant Foodworks Limited, announces its intention to make an offer for the entire issued and outstanding ordinary share capital of DP Eurasia N.V. not already owned by Jubilant Foodworks at 85 pence per DP Eurasia Share.
Jubilant Foodworks intends to make an all-cash offer for the entire issued and outstanding ordinary share capital of DP Eurasia not already owned.
Under the terms of the offer, DP Eurasia shareholders would be entitled to receive 85 pence in cash for each DP Eurasia share.
The offer Price values the total issued share capital of DP Eurasia at approximately £124.6 million and the issued share capital not currently owned by Jubilant Foodworks at approximately £63.7 million.
The offer price of 85 pence for each DP Eurasia Share represents a premium of approximately 24.1 per cent to the closing share price of 68.5 pence per DP Eurasia Share on 27 November 2023 (being the last practical date prior to the publication of the announcement of the offer).
The acquisition will be funded through a combination of an existing debt facility with HSBC and a new debt facility with HSBC.
Jubilant Foodworks intends to make a limited amount of market purchases outside the United States through Peel Hunt at up to 85 pence per share prior to publication of the Offer Document.
Jubilant Foodworks to purchase DP Eurasia shares for GBP 23.7mn