Cooks Coffee Company Limited (NZX: CCC, AQUIS: COOK) has issued 4,736,222 new shares at NZ$0.20c as a placement of part of the shortfall in the Company’s capital raise, first announcement on 13 March 2024 and extended on 28 March 2024 to 30 April 2024.
Accordingly, the Company now has 63,531,670 quoted ordinary voting shares and 1,207,000 unquoted non-voting shares (which may be reclassified on notice as quoted ordinary shares) on issue.
For the purposes of NZX Listing Rule 4.17.9(c), Cooks Coffee invited selected investors in New Zealand or the United Kingdom already known to it to participate in the 7,792,708 share shortfall arising from the placement offer, including some investors arising by way of reverse inquiry given the announcements of 13 and 28 March 2024.
It was not necessary to scale any allocations given the extent of shortfall and that Cooks Coffee retail shareholders had also been given the opportunity to subscribe in the share purchase plan offer made at the same price as also announced on 13 March 2024.
The S&P/NZX 50 Index closed at 12,904.11, up 149.96 points or 1.18%.
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