COH Coffeeheaven

 

TIDMCOH 
 
RNS Number : 2813F 
Coffeeheaven International PLC 
08 January 2010 
 

coffeeheaven international plc ("coffeeheaven" or the "Company") 
 
 
Update re Bond Issue 
 
 
Further to the announcement on 24 November 2009 that coffeeheaven's principal 
trading subsidiary, CHI Polska SA ("CHIP"), had agreed terms with Raiffeisen 
Bank Polska S.A. ("Raiffeisen") for a bond issue to the value of 10 million 
Polish zloty (approximately GBP2.2m), for technical reasons unrelated to, and in 
no way the fault of CHIP or coffeeheaven, this bond issue was not completed on 
the expected due date. Raiffeisen has indicated that it wishes to proceed with a 
bond issue for CHIP early in 2010 on the same terms but in the meantime has 
offered to provide a debt facility of 5.5 million Polish zloty (approximately 
GBP1.2m) to CHIP on terms similar to those of the original bond issue and at no 
incremental transaction cost to coffeeheaven, subject to completion of final 
documentation. The delay in securing proceeds of the bond issue does not have 
any short or medium term financial impact on the ability of the coffeeheaven 
Group to fund planned new store investments. 
 
 
Enquiries: 
 
 
+-------------------------------------+-------------------------------------+ 
| coffeeheaven international plc      | Tel: +44 7973 442 331               | 
| Richard Worthington                 |                                     | 
+-------------------------------------+-------------------------------------+ 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
| Shore Capital and Corporate Limited | Tel: +44 20 7408 4090               | 
| Guy Peters / Stephane Auton         |                                     | 
+-------------------------------------+-------------------------------------+ 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
| Opera Public Relations              | Tel: +44 8450 600650/ 7976 826004   | 
| Simon Turton                        |                                     | 
+-------------------------------------+-------------------------------------+ 
 
 
 
 
Dealing Disclosure Requirements 
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any 
person is, or becomes 'interested' (directly or indirectly) in 1% or more of any 
class of 'relevant securities' of the Company, all 'dealings' in any 'relevant 
securities' of that company (including by means of an option in respect of, or a 
derivative referenced to, any such 'relevant securities') must be publicly 
disclosed by no later than 3.30pm (London time) on the London business day 
following the date of the relevant transaction. This requirement will continue 
until the date on which the offer becomes, or is declared, unconditional as to 
acceptances, lapses or is otherwise withdrawn or on which the 'offer period' 
otherwise ends. If two or more persons act together pursuant to an agreement or 
understanding, whether formal or informal, to acquire an 'interest' in 'relevant 
securities' of the Company, they will be deemed to be a single person for the 
purpose of Rule 8.3. 
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant 
securities' of the Company by an offeror or the Company, or by any of their 
respective 'associates', must be disclosed by no later than 12.00 noon (London 
time) on the London business day following the date of the relevant transaction. 
A disclosure table, giving details of the companies in whose 'relevant 
securities' 'dealings' should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
http://www.thetakeoverpanel.org.uk/. 
'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to securities. 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a 'dealing' under Rule 8, you should consult the Panel. 
If you are in any doubt as to the application of Rule 8 to you, please contact 
an independent financial advisor authorised under the Financial Services and 
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or 
contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013. 
Shore Capital and Corporate Limited is acting for the Company and for no-one 
else in connection with the matters referred to herein and will not regard any 
other person as its client nor be responsible to anyone other than the Company 
for providing the protections afforded to clients of Shore Capital and Corporate 
Limited nor for providing advice in relation to any matter referred to herein. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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