RCS - Cooks Coffee Company - Intention to dual list on the AQSE Growth Market
15/08/2022 08:15
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RNS Number : 9347V Cooks Coffee Company Limited 15 August 2022
15 August 2022
Cooks Coffee Company Limited
("Cooks Coffee" or the "Group")
Intention to dual list on the Aquis Stock Exchange Growth Market
Cooks Coffee Company Limited (NZX: CCC), the New Zealand listed international
coffee focused café chain, is pleased to announce its intention to dual list
on the Aquis Stock Exchange Growth Market ("AQSE Growth Market"). This chain
of branded outlets comprises the fourth largest chains of coffee focused cafes
in the UK with 72 outlets, together with 15 outlets in Ireland. Cooks Coffee's
shares will continue to trade on the New Zealand Stock Exchange. The Group is
targeting admission to the Access Segment of the AQSE Growth Market in October
2022 ("Admission"). VSA Capital has been appointed as the Company's Financial
Adviser, AQSE Corporate Adviser and Broker in the UK.
The Group is an international coffee company, owning the master franchising
rights to the Esquires Coffee brand globally, excluding Australia and New
Zealand. The Group directly operates and franchises Esquires Coffee stores in
the UK and Ireland. In other countries, such as Portugal, the Middle East and
Southeast Asia, it has master franchise agreements. In addition, Cooks Coffee
also owns the award-winning Triple Two Coffee which is based in the UK and one
of the fastest-growing coffee focused café brands in the UK market. In total,
Cooks Coffee had 114 outlets across all its international markets at the end
of July 2022. The Group's operational teams are based in the UK and Ireland.
Cooks Coffee focuses on three fundamental elements of its business to achieve
growth and success. Firstly, it focuses on the operations of the established
Esquires Coffee Houses brand, which uses exclusively organic and Fairtrade
coffee and delivers artisan style coffee through local business owners, by
principally utilizing a franchise model. Furthermore, the building out of the
fast-growing Triple Two Coffee business, initially in the UK, followed by an
introduction of the brand to international markets. Additionally, the Group
plans to achieve growth through a combination of organic growth, further
acquisitions and the appointment of new master franchises in new markets for
both brands.
Keith Jackson, Executive Chairman of Cooks Coffee Company, said:
"Being such a predominantly UK and Ireland focused group, it makes sense for
us to dual list the Company in London and the Aquis Growth Market is ideally
suited to our needs. We see considerable opportunities for growth in the UK,
and when investors taste our coffee and experience what we offer, we are sure
they will agree."
Enquiries:
Cooks Coffee Company via
Cooks Coffee Company Limited Tel: +44(0)20 3814 5627
Keith Jackson, Aiden Keegan
UKinvestorrelations@cookscoffeecompany.com
(mailto:UKinvestorrelations@cookscoffeecompany.com)
VSA Capital Limited (Financial Adviser & Broker) Tel: +44(0)20 3005 5000
Andrew Raca, Pascal Wiese (Corporate Finance)
Peter Mattsson (Corporate Broking)
Cooks Coffee is a New Zealand based international coffee focused café chain
building a family of brands serving coffee, a full range of complimentary
beverages and an extensive range of food, and sharing a passionate philosophy
to provide their communities with excellent products and service based on
integrity, sustainability, innovation and appealing environments.
Esquires Coffee was founded nearly 30 years ago in Vancouver and Cooks Coffee
acquired the global rights (excluding Australia and New Zealand), focusing on
operations in the UK and Ireland in 2013.
Triple Two Coffee was acquired in June 2020 and has an offering that is
complementary to Esquires. Triple Two was founded in 2016 and it is currently
one of the fastest growing coffee focused cafe brands in the UK.
Cooks Coffee Company and its subsidiary brands are committed to the highest
standards of sustainability and ensure that all coffee is derived from organic
and fairtrade sources.
With Esquires and Triple Two, Cooks Coffee has 114 outlets across its
international markets at the end of July 2022.
To find out more, visit cookscoffeecompany.com, esquirescoffee.co.uk or
tripletwocoffee.com
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