Cooks Global Foods secures $10 million in new capital

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NZAX & Media Release 20
th
March 2017


Cooks Global Foods secures $10 million in new capital

YunNan Metropolitan Construction Investment Group (YMCI) agrees to subscribe to $1.8
million in new Cooks shares as part of capital raising by cornerstone investors

Cooks Global Foods (NZAX.CGF) today announces that one of its major shareholders, the
YunNan Metropolitan Construction Investment Group (YMCI), has agreed to subscribe for
$1.8 million in new equity as part of a broader plan by the company’s cornerstone
shareholders to raise at least $10 million.

The capital raising - first signalled in February - has the following components:

- YMCI contributing $1.8 million of new capital to Cooks by subscribing to 23,142,413
new shares at 7.75 cents per share.
- Jiajiayue Holding Group (JJY) contributing $3.5 million of new capital to Cooks by
subscribing to 44,873,240 new shares at 7.75 cents per share.
- Keith Jackson underwriting a maximum of $4.7 million of new capital to be issued
under a Share Purchase Plan (SPP) for existing shareholders at 7.75 cents per
share.

Of the new capital to be contributed, $3.16 million will be applied to the capitalisation of
existing loans from the major shareholders.

Cooks Global Foods Executive Chairman Keith Jackson said: “Cooks enjoys the support of
significant partners both in China and around the world.

“YMCI’s agreement to subscribe for new capital allows our $10 million capital raising plan to
proceed and allows Cooks to put in place a capital structure to achieve its immediate growth
plans around the world. We are looking forward with great confidence.”

The capital raising is subject to ordinary resolution approval by shareholders at a special
meeting, at a date to be confirmed. Further details will be forthcoming as appropriate.

For further information:
Investors Media
Keith Jackson Richard Inder
Executive Chairman The Project
Tel: +64 9 304 0567 ext. 714. Tel +64 21 645 643

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About Cooks Global Foods
Cooks Global Foods operates in world markets and is listed on the NZAX market operated
by NZX Limited in New Zealand under the code CGF. It owns the intellectual property and
master franchising rights to Esquires Coffee Houses worldwide excluding New Zealand and
Australia. Cooks currently operates or franchises Esquires Coffee Houses in Canada, the
United Kingdom, Ireland, Canada, the Middle East, , Indonesia, and China. For more
information visit: www.cooksglobalfoods.com
About Jiajiayue Holding Group Limited
Jiajiayue Holding Group Limited is the major shareholder of Jiajiayue Group Limited
(Shanghai Stock Exchange: 603708.SH) a listed entity trading on the Shanghai Stock
Exchange, the later owns more than 600 supermarkets in Shandong Province, China and
employs over 30,000 staff. Jiajiayue Holding Group currently holds a 25% stake in Cooks
Global Foods.
About YMCI
YMCI directly holds a 13% stake in Cooks and is a major property development concern, owned
by the Yunnan Provincial Government.