CIHL continues as investment vehicle
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NZAX RELEASE 20 January 2017
Cooks Investment Holdings Limited continues as investment vehicle
On 19 January 2016 Cooks Global Foods Limited (CGF) completed a transaction where
CGF raised $9 million of capital and its largest shareholder at the time (DSL Management
Limited (DSL)) sold down its shares in CGF (Transaction). As part of the Transaction an
investment vehicle was created under the name of Cooks Investment Holdings Limited
(CIHL).
CIHL is led by CGF’s executive chairman Keith Jackson. The other investors in CIHL
comprise a number of senior managers of CGF, Esquires Coffee House franchisees and
certain other strategic investors including existing shareholder Yunnan Metropolitan
Construction Investment Group Co Limited (YMCI).
Under the Transaction, CIHL acquired half of the shares sold by DSL and subscribed for $4.5
million of new shares in CGF.
In accordance with CIHL’s regulation agreement with its investors (Initial Regulation
Agreement), CIHL is due to be wound up today, 20 January 2017, and all beneficial owners
were to be transferred legal title to their shares in CGF from CIHL.
A number of investors in CIHL wish to extend the arrangement under the Initial Regulation
Agreement by entering into a subsequent regulation agreement. As such, CIHL has agreed
to continue to act as an investment vehicle for those investors. All remaining investors in
CIHL have been transferred legal title to their shares from CIHL.
Contact:
Keith Jackson,
Executive Chairman
Cooks Global Foods
Email: keith.jackson@cooksglobalfoods.com
Mob: (021) 702 509
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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