Cooks Global Foods’ (NZX:CGF) announces it is preparing to offer a Share Purchase Plan for shareholders. The proposal would enable existing shareholders to each apply for up to $15,000 of shares in the company.
The funds would be used to further accelerate growth including potential acquisitions. It is intended to complete the Share Purchase Plan by Christmas 2013.
As outlined in its recent listing profile, Cooks is in negotiation for the acquisition of Esquires Canada including the intellectual property rights for that jurisdiction
In addition Cooks is investigating a number of new acquisition opportunities both in New Zealand and offshore in its bid to secure synergistic businesses and grow its retail footprint. These investigations are at an early stage and no formal agreements have been entered into.
About Cooks Global Foods:
Cooks Global Foods (NZX:CGF) owns the Esquires Coffee Houses brand and system in the United Kingdom and Ireland, where it directly franchises stores. It also operates via its Master Franchisees who operate in Saudi Arabia, UAE, Kuwait, Bahrain and China.