Result of Equity Issue
December 03 2001 - 5:08AM
UK Regulatory
RNS Number:0557O
Coffeeheaven International PLC
3 December 2001
coffeeheaven international plc ("coffeeheaven")
Result of Open Offer
The Directors of coffeeheaven are pleased to announce the completion of the
demerger of coffeeheaven from Bakery Services plc and its admission to trading
on AIM.
The Directors of coffeeheaven are also pleased to announce the result of the
Open Offer which has raised #750,000 (before expenses) of new equity capital
to fund further expansion and to provide working capital.
Under the Open Offer, 27,261,733 Open Offer Shares were applied for by
Qualifying Shareholders, representing 36.3% of the minimum #750,000 to be
raised. Seymour Pierce Ellis has placed the balance with institutional and
other investors. A total of 151,126,126 ordinary shares were admitted to
trading on AIM today.
For further information please contact:
Richard Worthington, coffeeheaven international plc 004 860 681 8850 or
07973 442331
Sandra Hewitt, SHMR 020 7689 3116
Kirsty Campbell/Jeremy Porter, Seymour Pierce 020 7648 8700
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