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 12.844.59, declining 60.45 points or 0.47%.
The CEO says Lyttelton Port does not generate sufficient returns on its capital base.
Falling market share and margins in the broadband market look entrenched.
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