Delisting and Directorate Changes

 

TIDMCOH 
 
RNS Number : 3782H 
Coffeeheaven International PLC 
19 February 2010 
 

        coffeeheaven international plc ("coffeeheaven" or the "Company") 
 
                  Cancellation of admission to trading on AIM 
 
Following the announcement yesterday that the recommended cash offer by Costa 
Limited ("Costa") for coffeeheaven (the "Offer") has been declared wholly 
unconditional, the Company confirms that it has made application to the London 
Stock Exchange to cancel the admission to trading of the coffeeheaven Shares on 
AIM.  It is anticipated that such cancellation will take effect at 7.00 am on 19 
March 2010. Accordingly the last day of dealings in coffeeheaven Shares will be 
18 March 2010. 
 
The cancellation of the admission to trading of the coffeeheaven Shares on AIM 
will significantly reduce the liquidity and marketability of any coffeeheaven 
Shares held by persons who have not accepted the Offer at that time and 
coffeeheaven Shareholders should be aware that there may be no future market for 
coffeeheaven Shareholders to realise their investment in coffeeheaven. 
 
Following the cancellation of the admission to trading of the coffeeheaven 
Shares on AIM, Costa intends to procure that coffeeheaven re-registers as a 
private company under the provisions of the 2006 Act in due course. 
 
Director changes 
 
As stated in the offer document issued by Costa on 8 January 2010 (the "Offer 
Document"), the existing directors of coffeeheaven, being Richard Worthington 
(Executive Chairman), William Currie (Non-executive Director) and Robert Morrish 
(Non-executive Director), have resigned with immediate effect as a consequence 
of the Offer being declared wholly unconditional. 
 
In addition, the Company announces the appointment of Mr John Derkach and Mr 
Matthew Price as new members of the board of directors of the Company (the 
"Board").  Mr Derkach (aged 53) and Mr Price (aged 41) will join the Board with 
immediate effect. 
 
Mr Derkach's current and previous directorships (within the last five years) are 
listed below: 
 
+------------------------------+------------------------------+ 
| Current directorships        | Previous directorships       | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Costa Limited                | Brava LLC                    | 
| Costa Beijing Limited        | Hualian Costa (Beijing) Food | 
| Costa International Limited  | & Beverage Management        | 
| Costa Card ELMI Limited      | Company Limited              | 
| Costa China Holdings Limited |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
 
Mr Price's current and previous directorships (within the last five years) are 
listed below: 
 
+------------------------------+------------------------------+ 
| Current directorships        | Previous directorships       | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Costa Limited                | Sodexo Ireland (Holdings)    | 
| Costa Card ELMI Limited      | Limited                      | 
| Costa International Limited  | Sodexo Ireland Limited       | 
| Brava LLC                    |                              | 
| Hualian Costa (Beijing) Food |                              | 
| & Beverage Management        |                              | 
| Company Limited              |                              | 
| Yueda Costa (Shanghai) Food  |                              | 
| & Beverage Management        |                              | 
| Company Limited              |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
 
Save for the disclosures set out above, there is no further information which is 
required to be disclosed in relation to the appointments of Mr Derkach and Mr 
Price pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for 
Companies. 
 
Capitalised terms used but not defined in this announcement have the same 
meaning as given to them in the Offer Document. 
 
 
 
Enquiries: 
 
+------------------------------+------------------------------+ 
| Shore Capital and Corporate  | Tel: [phone]        | 
| Limited                      |                              | 
| Guy Peters / Stephane Auton  |                              | 
+------------------------------+------------------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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