CFE Coffee Republic

    RNS Number : 5607A
  Coffee Republic PLC
  04 August 2008
   



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

    Issue of Convertible Loan Notes, the buy back of various Regional Development Franchise ("RDF") agreements and the granting of
International Master Franchises ("IMF") for Jordan and Malta 

    Coffee Republic is pleased to announce that an additional �270,000 of convertible loan notes ("Loan Notes") were issued on 31 July,
being the closing date for the Loan Note issue. This brings to �780,000 the total Loan Notes issued.

    The �270,000 additional Loan Notes have been used as consideration to buy back a number of RDF agreements where the Company and the RDF
believe it is in the best interests of both parties to do so. All the individual RDFs concerned continue or plan to operate Coffee Republic
franchises.

    Furthermore, Coffee Republic announces that all RDF agreements with CR Direct Ltd have been terminated.

    Coffee Republic also announces that it has recently signed IMF agreements for both Malta and Jordan with roll out plans of 5 and 7
stores respectively. 

    This continues the expansion of the Coffee Republic internationally and the Board remains confident that further international deals
will be signed during the coming year.



    Coffee Republic

    For further information:


    Coffee Republic:
    Peter Breach, Executive Chairman and CEO                                                                 020 7033 0600
                                                                                                          peterbreach@coffeerepublic.co.uk
    James Muirhead, FD                                                                                                    020 7033 0639
                                                                                                     jamesmuirhead@coffeerepublic.co.uk


    Landsbanki Securities (UK) Limited                                                                               020 7426 9000 
    Nominated Adviser & Broker 
    Jeff Keating
    Simon Brown 


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