Domino's Pizza allocates 7.66% shares in China business to institutional investors

This will be done through off-market block trades.

Domino's Pizza LLC, an indirect wholly-owned subsidiary of Domino's Pizza, has recently agreed to allocate 10,000,000 of Domino's Pizza China’s (DPC Dash) shares, which translates to 7.66% of DPC Dash's total issued share capital as of 17 October, to a group of institutional investors through off-market block trades.

“With DPC Dash's successful IPO, its nearing the 1,000-store milestone, and its profitability achievements in the first half of 2024, we feel it is the appropriate time to begin partially exiting our equity investment in the business,” said Russell Weiner, CEO of Domino's Pizza.

Following this share transfer, Domino's Pizza LLC retains 8,101,019 shares, accounting for 6.21% of DPC Dash's total issued share capital.

Domino's Pizza LLC has also committed to a lock-up period of 90 days from the closing date of the share sale for its remaining shares.

DPC Dash’s store count has reached 978 during the third quarter of 2024, with plans to surpass 1,000 by mid-November. The third quarter marked the company’s 29th consecutive quarter of positive same-store sales growth.