19 January 2016
Cooks Global Foods Limited (CGF) wishes to advise the market that completion of the $9 million capital raising and the share sale by its largest current shareholder is in the final stage of completion.
These transactions were approved by shareholders on 20 November and involve China’s Jiajiayue Group Co. Ltd (JJY) becoming a major shareholder and an investor group headed up by the Executive Chairman of CGF becoming the Company’s largest shareholder.
These transactions are conditional solely on the receipt of Chinese Government approvals for JJY to remit its investment monies to New Zealand. CGF has been advised that the approvals are now in place and the funds may be transmitted to New Zealand.
Accordingly it is expected the transactions will be completed this week.
Cooks Global Foods
Mob: (021) 702 509
About Cooks Global Foods:
Cooks Global Foods operates in world markets and is listed on the NZAX market operated by NZX Limited in New Zealand under the code CGF. It owns the intellectual property and master franchising rights to Esquires Coffee Houses worldwide excluding New Zealand and Australia. CGF currently operates or franchises Esquires Coffee Houses in the United Kingdom, Ireland, Canada, Indonesia, the Middle East and China. Related businesses within the group include New Zealand-based supply companies Progressive Processors and Scarborough Fair, which supply product into both Esquires stores and other third party customers. See: www.cooksglobalfoods.com