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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cooks Coffee Company Limited | AQSE:COOK | Aquis Stock Exchange | Ordinary Share | NZCFGE0001S7 | Ordinary shares |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 6.50 | 6.50 | 6.50 | 0.00 | 06:34:30 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2023 to Feb 2025
TIDMCOOK
RNS Number : 6551N
Cooks Coffee Company Limited
26 September 2023
26 September 2023
Cooks Coffee Company Limited
("Cooks Coffee", or the "Company" or the "Group")
Expected Administration of Triple Two Coffee business
Cooks Coffee (NZX:CCC; AQUIS:COOK) announces that the Company expects to shortly appoint administrators to place its Triple Two coffee franchise business, comprising Triple Two Holdings Limited and its subsidiaries, into an insolvency process.
Triple Two was growing rapidly before the Covid-19 pandemic and had shown continuing momentum in FY22. However, in recent times, this momentum has not been able to be maintained and the business has been adversely impacted by the current market environment. Currently there are 11 operating Triple Two franchised stores.
The Company's larger Esquires business continues to perform in line with management's expectations and is making a positive contribution to the Group. The Esquires business will not be effected by any Triple Two insolvency process.
The Company will make further announcements in due course as appropriate.
Enquiries
Hot Features
Premium
Cooks Coffee Company Limited +64 21 702 509 (New Zealand)
Keith Jackson (Executive Chairman) keith.jackson@cookscoffeecompany.com
+44 (0) 20 3814 5627 (UK)
ukinvestorrelations@cookscoffeecompany.com
VSA Capital Limited
(Aquis Corporate Adviser & Joint
Broker) +44 (0) 20 3005 5000
Andrew Raca, Simba Khatai, Alex
Cabral
(Corporate Finance)
David Scriven, Peter Mattsson (Corporate
Broking)
Oberon Capital (Joint Broker) +44 (0) 20 3179 5300
Nick Lovering, Adam Pollock, Mike Seabrook
IFC Advisory Limited (Financial PR & IR) +44 (0) 20 3934 6630
Tim Metcalfe, Graham Herring, Florence Chandler cookscoffee@investor-focus.co.uk
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END
NEXFIFSSALIRFIV
(END) Dow Jones Newswires
September 26, 2023 02:00 ET (06:00 GMT)
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