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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Coffee Republic | LSE:CFE | London | Ordinary Share | GB00B3DDNZ25 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 5607A
Coffee Republic PLC
04 August 2008
Coffee Republic Plc ("Coffee Republic" or the "Company")
Issue of Convertible Loan Notes, the buy back of various Regional Development Franchise ("RDF") agreements and the granting of
International Master Franchises ("IMF") for Jordan and Malta
Coffee Republic is pleased to announce that an additional £270,000 of convertible loan notes ("Loan Notes") were issued on 31 July,
being the closing date for the Loan Note issue. This brings to £780,000 the total Loan Notes issued.
The £270,000 additional Loan Notes have been used as consideration to buy back a number of RDF agreements where the Company and the RDF
believe it is in the best interests of both parties to do so. All the individual RDFs concerned continue or plan to operate Coffee Republic
franchises.
Furthermore, Coffee Republic announces that all RDF agreements with CR Direct Ltd have been terminated.
Coffee Republic also announces that it has recently signed IMF agreements for both Malta and Jordan with roll out plans of 5 and 7
stores respectively.
This continues the expansion of the Coffee Republic internationally and the Board remains confident that further international deals
will be signed during the coming year.
Coffee Republic
For further information:
Coffee Republic:
Peter Breach, Executive Chairman and CEO 020 7033 0600
peterbreach@coffeerepublic.co.uk
James Muirhead, FD 020 7033 0639
jamesmuirhead@coffeerepublic.co.uk
Landsbanki Securities (UK) Limited 020 7426 9000
Nominated Adviser & Broker
Jeff Keating
Simon Brown
This information is provided by RNS
The company news service from the London Stock Exchange
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