Cooks Coffee Co Ltd - Auckland-based owner of Esquires and Triple Two Coffee cafe chains - Approves offer and issue of up to NZD2 million of convertible notes to selected wholesale investors in New Zealand, Australia or the UK. Funds raised from the offer will be used to grow its existing network, for acquisition, develop digital infrastructure, and repay third party debt.

Current stock price: 21.5 pence

12-month change: flat since IPO on November 2

By Sophie Rose; sophierose@alliancenews.com

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