Result of EGM

    RNS Number : 2823J
  Coffee Republic PLC
  01 December 2008
   


    Coffee Republic plc 
    ("Coffee Republic" or "the Company")

    1 December 2008

    Result of EGM

    The Company is pleased to announce that at the Extraordinary General Meeting held today, all resolutions were duly passed. This will
allow the Placing and the Company's debt compromise agreement with Barclays to be completed.

    2,205,998 New Ordinary Shares of 6p each will be admitted to trading on 2 December 2008.

    Further subscriptions for 66,667 New Ordinary Shares have been received by the Company since the announcement of 27 November 2008 as
part of the Placing. The Company will therefore apply for a further 66,667 New Ordinary Shares to be admitted to trading on AIM. It is
expected that Admission will become effective for these shares on 5 December 2008.  The New Ordinary Shares will rank equally with the
existing Ordinary Shares in the Company.

    As a result, the total number of New Ordinary Shares subscribed as part of the Placing is 2,272,665, equating to a total subscription
amount of £681,799.50. These funds will be used to satisfy the debt compromise agreement with Barclays and to provide an additional amount
of working capital.

 For further information:

 Coffee Republic Plc:                                020 7033 0600
 Peter Breach, Chairman and Chief Executive Officer
 James Muirhead, Finance Director                    020 7033 0639

 Teathers:
 Jeff Keating / Simon Brown / Phil Drake             020 7131 3000






This information is provided by RNS
The company news service from the London Stock Exchange
 
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