Issue of new shares and Director appointment
Cooks Global Foods Limited (NZX: CGF) has today issued 13,860 fully paid ordinary shares to existing shareholders of CGF. The share allotments were made at an issue price of $0.13 per share, pursuant to late application forms received from the shareholders relating to CGF’s Share Purchase Plan which closed on Friday, 23 May 2014. CGF has decided to accept these late applications and issue shares accordingly.
CGF has also issued 771,839 fully paid ordinary shares to private investors at the issue price of $0.13 per share.
Full details of the allotments are set out below.
The Board of CGF is also pleased to advise it has appointed Graeme Lee as a director of the Company. Graeme has a background in management, sales, importing and distribution and now focuses on investment into businesses he believes hold significant potential. Graeme holds majority shareholdings in a number of successful businesses in the medical, grocery and automotive industries. Graeme is associated with ADG Investments Limited, a substantial shareholder of CGF.
For and on behalf of the Board
Class of Security: Ordinary shares
Number issued: 785,699
Issue price: $0.13 per share
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 0.294%
Purpose of the issue: For working capital purposes
Total number of ordinary shares on issue following allotments: 266,823,411
Authority for the acquisition: Board resolutions
Date of issue: 20 June 2014