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AUCKLAND - Cooks Coffee Company Limited (NZX:CCC; AQUIS:COOK) has issued 1,680,672 ordinary shares to Jaspreet Singh at NZ$0.20 per share, raising NZ$334,000 for the company, according to a statement released Tuesday.
The share issuance fulfills terms of the master franchise agreement for India with Sterling Coffee House Limited that was announced on May 8, 2025. Singh, who owns Sterling Coffee House Limited, subscribed for the new shares to align the interests of the master franchisee with those of Cooks Coffee shareholders. The company confirmed no further shares will be issued under this agreement.
In a separate transaction, the international coffee-focused café chain announced that Nikau Trust, where non-executive Chairman Keith Jackson serves as a trustee, has reclassified 458,000 of its non-voting shares as ordinary shares quoted on the New Zealand Stock Exchange.
Following this reclassification, Nikau Trust now holds 13,275,345 ordinary shares, representing 19.99% of the company’s ordinary share capital, along with 42,000 non-voting shares.
The company has applied for the combined 2,138,672 new ordinary shares to be admitted to trading on the AQSE Growth Market, with trading expected to commence around September 1, 2025.
After these transactions, Cooks Coffee’s issued share capital consists of 66,377,342 ordinary shares with voting rights and 42,000 unquoted non-voting shares that may be reclassified as quoted ordinary shares upon written notice.
The information was released in a company press release authorized by the Chair of Cooks Coffee.
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