CFE Coffee Republic

    RNS Number : 0359J
  Coffee Republic PLC
  27 November 2008
   

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

    27 November 2008

    Application for AIM Admission

    Further to the announcement made on 17 November 2008 regarding, among other matters, a proposed placing (the "Placing"), Coffee Republic
is pleased to announce it has received irrevocable commitments from investors to subscribe for 2,205,998 new ordinary shares of 6p each in
the Company ("New Ordinary Shares") at a price of 30p per share as part of the Placing. The Placing is conditional only on the resolutions
relating to the Placing being passed at the forthcoming Extraordinary General Meeting of the Company (the "EGM") and on admission of the New
Ordinary Shares to trading on AIM ("Admission").

    As described in the announcement of 17 November 2008 and the circular posted to shareholders, the Placing is to allow the Company to
raise funds to satisfy a debt compromise agreement with Barclays (the "Debt Compromise") and to provide additional working capital. The
Company can confirm that the amount raised by the subscription of investors for 2,205,998 New Ordinary Shares will be sufficient to satisfy
the Debt Compromise and provide an additional amount of working capital.

    The Company has applied for 2,205,998 New Ordinary Shares to be admitted to trading on AIM, conditional on the resolutions relating to
the Placing being passed at the forthcoming EGM. It is expected that if the resolutions relating to the Placing are passed at the EGM,
Admission will become effective on 2 December 2008. The New Ordinary Shares will rank equally with the existing Ordinary Shares in the
Company.


 For further information:

 Coffee Republic Plc:                                020 7033 0600
 Peter Breach, Chairman and Chief Executive Officer
 James Muirhead, Finance Director                    020 7033 0639

 Teathers:
 Jeff Keating / Simon Brown                          020 7131 3000






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