REG - Cooks Coffee Company - Placing

Cooks CoffeeAnnouncement

02/08/2024 12:00

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RNS Number : 0183Z  Cooks Coffee Company Limited  02 August 2024

 

2 August 2024

Cooks Coffee Company Limited

(the "Company" or "Cooks") (NZX:CCC; AQUIS:COOK)

 

Placing

 

Cooks Coffee Company Limited, the international coffee focused café chain, is
pleased to announce that it has raised gross proceeds of £320k through the
issue of 4,077,761 ordinary shares.

 

The placing comprised the issue of 2,425,714 ordinary shares with UK
investors, and the issue of 1,652,047 ordinary shares to New Zealand
investors.

 

The net proceeds of the placing will be used to provide working capital,
principally to enhance the digital offering of the Company and to provide a
fund to support franchisee growth and development.

 

Michael Ambrose, a non-executive director of the Company, purchased 100,000
ordinary shares in the Company at a price of NZ$0.20 per ordinary share.
Following the above purchase, Mr Ambrose has a beneficial interest in a total
of 1,150,000 ordinary shares, representing approximately 1.79% of the issued
share capital of the Company, as enlarged by the placing.

 

Paul Elliott, a non-executive director, purchased 75,833 ordinary shares in
the Company at a price of NZ$0.20 per ordinary share. Following the above
purchase, Mr Elliott has a beneficial interest in a total of 627,962 ordinary
shares, representing approximately 0.98% of the issued share capital of the
Company, as enlarged by the placing.

 

Admission and Total Voting Rights

The Placing has been conducted utilising the Company's existing share
authorities.  The Placing Shares will rank pari passu in all respects
with the Company's existing Ordinary Shares.

 

Application will be made for admission of the Placing Shares to trading on the
New Zealand Stock Exchange and the Aquis Stock Exchange Growth Market, and it
is expected that Admission will become effective on 8 August 2024.

 

On Admission, the Company's issued share capital will consist of 62,873,208
Ordinary Shares, each with one voting right.  The Company also has 1,207,000
unquoted non-voting shares (which may be reclassified on written notice as
quoted ordinary shares) in issue.  The figure of 64,080,208 may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.

 

The directors of Cooks Coffee Company Limited accept responsibility for this
announcement.

 

 

Enquiries:

 Cooks Coffee Company Limited                        +64 21 702 509 (New Zealand)
 Keith Jackson (Executive Chairman)                  keith.jackson@cookscoffeecompany.com
                                                     (mailto: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

 

 

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