Domino’s Don Meij owns shares via a margin loan but will not be forced to sell
The company fell 30pc on Thursday after it withdrew profit guidance
The move has wiped $1.5 billion from the market value
Domino’s Pizza chief executive Don Meij will not face a margin call over shares he has borrowed against after the pizza chain plunged 30 per cent in value on Thursday.
The founder of Domino’s fronted investors after the company late on Wednesday withdrew profit guidance for the 2024 financial year. The stock fell 31 per cent to $39.51.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
