CFE Coffee Republic

    RNS Number : 4308J
  Coffee Republic PLC
  03 December 2008
   


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

    3 December 2008

 *  Completion of Debt Compromise Agreement
 *  Total Voting Rights
 *  Directors' Dealings

    COMPLETION OF DEBT COMPROMISE AGREEMENT

    The Company is pleased to announce that, subsequent to yesterday's admission of 2,205,998 New Ordinary Shares to trading on AIM as part
of the Placing, the Company has completed the debt compromise agreement with Barclays. 

    As a result of the completion of the debt compromise agreement, the Company has eliminated its bank debt on commercially attractive
terms. The Directors believe that the completion of this agreement places the Company on a sound footing for future growth. 

    TOTAL VOTING RIGHTS

    Following the admission of the second tranche of Placing shares (66,667 New Ordinary Shares) to trading on AIM, expected to become
effective on 5 December 2008, the enlarged issued share capital of the Company will be 12,704,224 Ordinary Shares of 6p each, each carrying
one vote per Ordinary Share. The Company does not hold any Ordinary Shares in treasury.  

    Therefore, the total number of Ordinary Shares with voting rights in the Company will be 12,704,224.  

    The above figure of 12,704,224 may be used by shareholders in the Company as the denominator for calculations by which they will
determine if they are required to notify their interest in, or a change to their interest in, the shares capital of Company under the FSA's
Disclosure and Transparency Rules.

    DIRECTORS' DEALINGS

    As part of the Placing, certain Directors of the Company and their connected parties subscribed for New Ordinary Shares at the Placing
price of 30p per New Ordinary Share. Surthurst Limited, the investment vehicle of Peter Breach (Chairman and Chief Executive Officer),
subscribed for 833,333 New Ordinary Shares. A connected party of Steven Bartlett (Non-Executive Director) subscribed for 166,667 New
Ordinary Shares. In addition, James Muirhead (Finance Director) subscribed for 33,334 New Ordinary Shares. Following this purchase, James
Muirhead is interested in 0.26% of the enlarged issued share capital of the Company.

    For the purposes of the City Code, Peter Breach, Steven Bartlett and their respective related parties are deemed to be a concert party
with regard to their interests in the Ordinary Shares of Coffee Republic. The resultant shareholdings of each of Peter Breach and Steven
Bartlett (together with their respective related parties) are set out below. Following the Placing, the concert party will be interested in
30.37% of the enlarged issued share capital of the Company. 

                                 Number of Ordinary Shares     Percentage of revised issued share capital
                                 following the Placing
 Peter Breach & related parties  2,349,328                     18.49%
 Steven Bartlett & related       1,508,334                     11.87%
 parties
 TOTAL CONCERT PARTY HOLDING     3,857,662                     30.37%

 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 / Phil Drake             020 7131 3000






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

Coffee Republic (LSE:CFE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Coffee Republic (LSE:CFE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024