REG - Cooks Coffee Company - NZ SHARE PURCHASE PLAN AND PLACEMENT

Cooks CoffeeAnnouncement

13/03/2024 18:00

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RNS Number : 7686G  Cooks Coffee Company Limited  13 March 2024

13 March 2024

Cooks Coffee Company Limited

("Cooks Coffee", or the "Company")

NZ SHARE PURCHASE PLAN AND PLACEMENT TO SUPPORT INCREASED INVESTMENT IN
BUSINESS

Cooks Coffee (NZX: CCC, AQUIS: COOK) has announced its intention to undertake
a placement to selected investors (Placement) and a share purchase plan to its
existing shareholders with an address in New Zealand (SPP) (together, the
Offer). The Offer is not underwritten.

The purpose of the Offer is to raise funds (after issue costs) for:

 ·             investing into improvements in Cooks Coffee's digital programs including, APP
               development, click and collect, and delivery and loyalty programs;
 ·             expanding the Esquires international business in the Middle East and Europe,
               in particular based on the successful operating model in the UK and Ireland;
 ·             driving growth plans through the establishment of a fund to allow acquisitions
               of existing successful independent cafés to be rebranded and sold to
               franchisees after rebranding; and
 ·             repaying some expensive second tier debt.

SPP

The SPP will be open to existing shareholders recorded in Cooks' share
register as having a New Zealand address at 5.00pm on 12 March 2024 (Eligible
Shareholders).

The SPP will result in up to 5,690,862 new shares issued in Cooks Coffee.
Eligible Shareholders will be able to apply for up to $50,000 of new shares.
The Board of directors of Cooks Coffee may, in its full discretion, accept any
oversubscriptions which will be scaled according to the Record Date. The issue
price for the SPP is NZD 0.20 per share.

Placement

The Placement will be offered to investors who have been identified by, or
that approached, the Company in compliance with all applicable securities
laws.

The Placement is targeting a raise of up to NZ$1,707,258 through the issue of
up to 8,536,294 new shares. The issue price of the Placement is NZD 0.20
(equivalent to £0.0955) per share.

Indicative timetable(1)

 Announcement of Offer                                                          Wednesday, 13 March 2024
 Record Date for determining eligibility of shareholders for the SPP            5.00pm on Tuesday, 12 March 2024
 Opening Date of Offer                                                          Wednesday, 13 March 2024
 Closing Date of Offer (last day for online applications with payment), unless  5.00pm on Friday, 22 March 2024
 extended by Cooks
 Allotment and issue of New Shares                                              Thursday, 28 March 2024
 Statements dispatched                                                          By Friday, 2 April 2024

Additional information

Nothing contained in this announcement constitutes investment, legal, tax or
other advice. Investors are encouraged to seek appropriate professional advice
before making any investment decision.

For any questions in respect of the Offer, please contact Link Market Services
Limited at +64 9 375 5998 or email applications@linkmarketservices.com. For
other questions, investors should contact their financial or legal adviser.

Authorised for release by the Chair of Cooks Coffee.

(1) Dates are subject to change and are indicative only. Cooks Coffee reserves
the right to amend this timetable (including by extending the Closing Date)
subject to applicable laws and the NZX Listing Rules. Cooks Coffee reserves
the right to withdraw the Offer and issue New Shares at any time before the
Issue Date in its absolute discretion.

Enquiries:

 

 Cooks Coffee Company Limited                        +64 21 702 509 (New Zealand)
 Keith Jackson (Executive Chairman)                  keith.jackson@cookscoffeecompany.com
                                                     +44 (0) 20 3934 6630 (UK)
                                                     ukinvestorrelations@cookscoffeecompany.com
                                                     (mailto:ukinvestorrelations@cookscoffeecompany.com)

 IFC Advisory Limited (Financial PR & IR)            +44 (0) 20 3934 6630
 Tim Metcalfe, Graham Herring, Florence Chandler     cookscoffee@investor-focus.co.uk (mailto:cookscoffee@investor-focus.co.uk)

 Oberon Capital (AQSE Corporate Adviser and Broker)  +44 (0) 20 3179 5300
 Nick Lovering, Adam Pollock, Mike Seabrook

 

Important Notices and Disclaimer

This announcement has been prepared for publication in New Zealand, and may
not be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 (the "US Securities Act") or
the securities laws of any state of other jurisdiction of the United States,
and may not be offered or sold in the United States except in transactions
exempt from, or not subject to, registration under the US Securities Act and
applicable US state securities laws.

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