13 March 2024

Cooks Coffee Company Limited

("Cooks Coffee", or the "Company")

NZ SHARE PURCHASE PLAN AND PLACEMENT TO SUPPORT INCREASED INVESTMENT IN BUSINESS

Cooks Coffee (NZX: CCC, AQUIS: COOK) has announced its intention to undertake a placement to selected investors (Placement) and a share purchase plan to its existing shareholders with an address in New Zealand (SPP) (together, the Offer). The Offer is not underwritten.

The purpose of the Offer is to raise funds (after issue costs) for:

SPP

The SPP will be open to existing shareholders recorded in Cooks' share register as having a New Zealand address at 5.00pm on 12 March 2024 (Eligible Shareholders).

The SPP will result in up to 5,690,862 new shares issued in Cooks Coffee. Eligible Shareholders will be able to apply for up to $50,000 of new shares. The Board of directors of Cooks Coffee may, in its full discretion, accept any oversubscriptions which will be scaled according to the Record Date. The issue price for the SPP is NZD 0.20 per share.

Placement

The Placement will be offered to investors who have been identified by, or that approached, the Company in compliance with all applicable securities laws.

The Placement is targeting a raise of up to NZ$1,707,258 through the issue of up to 8,536,294 new shares. The issue price of the Placement is NZD 0.20 (equivalent to £0.0955) per share.

Indicative timetable¹ 

Additional information

Nothing contained in this announcement constitutes investment, legal, tax or other advice. Investors are encouraged to seek appropriate professional advice before making any investment decision.

For any questions in respect of the Offer, please contact Link Market Services Limited at +64 9 375 5998 or email applications@linkmarketservices.com. For other questions, investors should contact their financial or legal adviser.

Authorised for release by the Chair of Cooks Coffee.

¹ Dates are subject to change and are indicative only. Cooks Coffee reserves the right to amend this timetable (including by extending the Closing Date) subject to applicable laws and the NZX Listing Rules. Cooks Coffee reserves the right to withdraw the Offer and issue New Shares at any time before the Issue Date in its absolute discretion.

Enquiries:

Important Notices and Disclaimer

This announcement has been prepared for publication in New Zealand, and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act") or the securities laws of any state of other jurisdiction of the United States, and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.