Cooks Global Foods held a special meeting of shareholders
29 June 2017
Cooks Global Foods Limited (NZX.CGF) held a special shareholders meeting in Auckland today. All resolutions set out in the notice of meeting passed by the requisite majorities on a show of hands vote.
Summaries of the proxies received were included in the meeting presentation announced to market this morning.
The ordinary resolutions approved a $10 million capital raising through the issue of shares to the company’s cornerstone shareholders at 7.75 cents per share and gave the company authority to buy back up to 20 million shares over time through an on-market share buyback programme.
Following the approval of these resolutions Cooks will now proceed with its previously-announced share purchase plan (SPP), which will give all shareholders the opportunity to acquire new shares in the company at the same price offered to cornerstone shareholders.
SPP documentation will be announced to NZX and sent to shareholders shortly.
To view the full copy of the presentation please click here.
Cooks Global Foods
Mob: (021) 702 509