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Cooks Coffee Company Limited, an international café chain specializing in coffee, has announced the successful raising of £320,000 through the issuance of 4,077,761 ordinary shares. The placement was executed in two parts: 2,425,714 ordinary shares were issued to UK investors, and 1,652,047 ordinary shares were issued to New Zealand investors.
Use of Proceeds
The net proceeds from this placement will be allocated towards enhancing the company’s digital offerings and supporting franchisee growth and development. This strategic move aims to bolster the company’s operational capabilities and expand its market presence.
Director Purchases
- Michael Ambrose, a non-executive director of Cooks Coffee, acquired 100,000 ordinary shares at NZ$0.20 per share. Post-purchase, Mr. Ambrose holds a total of 1,150,000 shares, representing approximately 1.79% of the company's enlarged issued share capital.
- Paul Elliott, non-executive director, acquired 75,833 ordinary at NZ$0.20 per share. Following this acquisition, Mr. Elliott's total holding stands at 627,962 shares, or approximately 0.98% of the enlarged issued share capital.
