Cooks Coffee Company Limited (NZX: CCC) has issued 4,647,445 new shares at NZ$0.36 (£0.18) in part placement of the shortfall from its 2022 rights issue.
In addition, the trustees of the Nikau Trust agreed with CCC to reclassify 1,162,000 of their non-voting shares as ordinary shares, increasing the number of ordinary shares on issue.
Accordingly, CCC currently has 59,297,752 quoted ordinary shares and 1,207,000 unquoted non-voting shares (which may be reclassified on notice as quoted ordinary shares) on issue.
The kiwi is sliding, but it is more about the greenback than the RBNZ.
Overnight US bond yields were down.
The NZX-listed company’s customers are primarily US-based.
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