Cooks given until close of trade Monday to file accounts

Cooks Global given until close of trade Monday to file annual report

By Jonathan Underhill

Aug. 3 (BusinessDesk) - Cooks Global Foods, which is rolling out its Esquires coffee chain beyond New Zealand and Australia, has been given until the market close on Monday to file its overdue annual report, NZX Regulation says.

Cooks' report for the year ended March 31 was due by July 31, according to listing rules. Under the rules, if a company hasn't issued its annual report within five business days of the due date, its securities can be suspended.

In a separate statement, the company said it was waiting on information from overseas before it can release its annual report, and warned it will write down the goodwill of Scarborough Fair by $400,000, and that its audit report will include an emphasis of matter over Cooks' ability to trade as a going concern.

"Cooks is currently completing negotiations for a significant capital injection in mid-late September and should be able to release further details of this within the next two weeks," the company said. "Such capital injection will, once contracted, be subject to regulatory and shareholder approvals."

The NZAX-listed Cooks stock last traded at 12 cents, and has dropped 11 percent this year.

(BusinessDesk)

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