Cooks Coffee Company Limited (NZX: CCC) has issued 221,596 new shares at NZ$0.36 (£0.18) in part placement of the shortfall from its 2022 rights issue.
Accordingly, CCC currently has 59,519,348 quoted ordinary shares and 1,207,000 unquoted non-voting shares (which may be reclassified on notice as quoted ordinary shares) on issue.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Forsyth Barr says a premium valuation is now warranted.
The only worst performer is the Norwegian krone.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details