Rights issue shortfall placement
SECISSUE
Tue, Mar 22 2022 03:54 pm
Cooks Global Foods Limited (NZZ: CGF) has issued 80,989,340 new shares at 3 cents per share in part placement of the shortfall from its 2021 rights issue.
In addition, the trustees of the Nikau Trust agreed with CGF to reclassify 16,250,000 of their non-voting shares as ordinary shares, increasing the number of ordinary shares on issue.
Accordingly, CGF currently has 775,890,965 quoted ordinary shares and 20,000,000 unquoted non-voting shares (which may be reclassified on notice as quoted ordinary shares) on issue.
CGF is encouraged that a range of shareholders, including Directors Paul Elliot and Michael Ambrose have agreed to subscribe for shares.
Keith Jackson
Chair and CEO, Cooks Global Foods Limited
Announcement PDF
Markets News
Markets
Market Close
NZ sharemarket drops after weak GDP data
Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.
Economy
Seeking a faster, sharper ComCom
A ‘gold standard’ approach and siloed structure slow the ComCom down.
Markets
NZ dollar on watch ahead of 3Q GDP, Fed signals
Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.
