By Laura Lutz
Des Moines, May 3 - coffeeheaven international plc plans to raise up to £3.895 million from a private placement of shares.
The company intends to sell 9.5 million ordinary shares at 41p each.
Numis Securities Ltd. is the agent.
William Currie subscribed for 243,902 shares.
Proceeds will be used to accelerate the company's store development program and new market activity within central Europe.
coffeeheaven operates coffee and sandwich bars in Central Europe.
| Issuer: | coffeeheaven international plc
|
| Issue: | Shares
|
| Amount: | £3.895 million
|
| Shares: | 9.5 million
|
| Price: | 41p
|
| Warrants: | No
|
| Agent: | Numis Securities Ltd.
|
| Pricing date: | May 3
|
| Stock symbol: | London: COH
|
| Stock price: | 40p at close May 3
|
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