Cooks Global Foods Limited (NZX: CGF) advises that it intends to undertake a 15 into 1 consolidation of its shares, change its name to “Cooks Coffee Company Limited” and its ticker code to CCC, each effective on 31 March 2022.
CGF intends to request from NZ RegCo an administrative trading halt for a period of 2 business days while the consolidation is undertaken.
The S&P/NZX 50 Index closed at 11,946.43, increasing 143.15 points or 1.21%.
Seven matters were referred to the NZ Markets Disciplinary Tribunal last year.
Analysts are more downbeat after a downgrade.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details