Domino's Pizza Enterprises (DMP) has successfully completed its Share Purchase Plan (SPP) offering shareholders in Australia and New Zealand the opportunity to apply for up to $30,000 of new shares at a 2.0% discount to the last closing price on 22 December 2022.

The total value of applications exceeded the $15 million target, and 231,319 new shares will be issued.

The funds raised through the SPP and Placement will be used to fund the option exercise price for the acquisition of all shares held by Domino's Pizza Group plc in the German joint venture, with any surplus going towards debt retirement.

The new shares are expected to be allotted on 30 December 2022 and trading is expected to commence on 4 January 2023.

Following the announcement, shares of Domino'S Pizza Enterprises (ASX:DMP) were up 1.55%.