2013 Interim Report
Prior to the end of September 2013 Cooks Global Foods (Cooks) advised in a series of announcements to the market that it had entered into a number of transactions subject to shareholder approval to transform the company by acquiring Franchise Development Limited, Esquires Coffee (UK) Limited, Esquires Coffee Houses Ireland Limited and the business and assets of Progressive Processors (Transactions).
The businesses were paid for by a combination of cash and shares and at the same time all term debt within Cooks was converted to equity.
The Transactions were detailed in a Notice of Meeting and listing profile and were unanimously approved at a Meeting of Shareholders held in Auckland on 1 October 2013. The Transactions therefore do not relate to the period up to 30th September 2013 which only shows costs incurred as part ensuring that the Transactions involved in the company’s transformation were able to be consummated.