Bond Issue Programme Update
April 23 2003 - 5:57AM
UK Regulatory
RNS Number:2636K
Coffeeheaven International PLC
23 April 2003
coffeeheaven international plc
("coffeeheaven" or the "Company")
Bond Issue Programme Update
Further to the announcement of 4 April 2003, coffeeheaven is pleased to announce
that it's wholly owned trading subsidiary CHI Polska S.A. ("CHIP"), through its
broker in Poland, HSBC Securities Polska S.A, in co-operation with Larchmont
Finance S.A., has received approval from the Polish Securities and Exchange
Commission for the issue of a series of bonds up to a maximum nominal value (at
the Company's discretion) of 20,000,000 Polish Zlotys (approx. #3.3M). It is
expected that the bonds will be publicly traded on CeTO, a regulated over-the
counter market and Poland's leading debt securities trading platform partially
owned by the Warsaw Stock Exchange.
A prospectus with full details of the bond issue programme is expected to be
published in Poland as soon as is practically possible, which will include
audited financial results of CHIP (based on Polish GAAP) for the nine month
period from 1 April 2002 to 31 December 2002 and the preliminary results are as
follows:
9 months to
31/12/02
PLN '000s
Sales 6722.1
Profit after taxation for period 337.5
---------------------------- -------------------
Share Capital 9933.5
Total Assets 7857.4
---------------------------- -------------------
CHIP Earnings per Share (zlotys) 0.34
(All figures in 000's Polish zlotys except Earnings per Share. Approximate
exchange rate: 6.1 Polish zlotys = #1)
coffeeheaven international plc expects to announce its audited results for the
financial year ended 31 March 2003 by the end of July 2003.
Enquiries:
Richard Worthington Executive Chairman +48 606 818850
or +44 7973 442331
richworth@aol.com
Jeremy Porter Seymour Pierce Ltd +44 20 7648 8700
Sandra Hewett Shmr +44 20 7689 3116
sandra@shmr.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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