Cooks Coffee Company Limited (NZX: CCC, AQUIS: COOK) has agreed with the trustees of the Nikau Trust to reclassify 707,000 of their non-voting shares as quoted ordinary shares, increasing the number of ordinary shares on issue.
Accordingly, the Company now has 64,238,670 quoted ordinary voting shares and 500,000 unquoted non-voting shares (which may be reclassified on notice as quoted ordinary shares) on issue.
The NZ dollar is trading around a seven-week low.
Its $9 per kilogram of milk solids is in line with Fonterra's midpoint.
Recent performance has disappointed but long-term strategy remains clear, say analysts.
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