Cooks Coffee issues 1.89 million new shares

Cooks Coffee has issued 1.89 million new shares at a price of 20 cents each, raising an undisclosed amount of capital.

The share issuance is a result of the company's recent share placement plan offer and placement offer.

Cooks Coffee now has a total of 58.8 million quoted ordinary voting shares and 1.21 million unquoted non-voting shares on issue, which may be reclassified as quoted ordinary shares on notice.

The company's board has expressed its intention to place the shortfall in the placement until April 30 2024, with the possibility of an extension.