The first act of this play will be the Private Offering of 7.000.000 shares of nominal value of Euro 0.25 each in the share capital of the company, offered for the price of Euro 1.20 per share taking the total offering value to Euro 8.400.000.
The offering has started on the 10.10.2010 and will normally be open until 10.12.2010.
The company has retained LLPO Law Firm Corporate Finance Team to make all preparatory steps, prepare a Private Offering Memorandum and manage the whole issue or shares including clearing of fund and after offering utilization and distribution.
In accordance with the plan approved by the company after the closing of the offering LLPO Law Firm Corporate Finance Team will lead the company to become Public and finally listed in the NEA Market.
The Company will be expected to have a Market Capitalization Value of little less than Euro 45.000.000.
Furthermore, the company also represents and distributes several other products in Cyprus market including Snapple and Loux. The company also self brands Splash Water.
Last but not least the company hold share in P.J.C. Restauraunts Limited the well very known franchisor and owner of all Cyprus Restaurants of PAPA JOHN'S PIZZA.
The LLPO Law Firm Franchise & International Distribution Lawyers are working together with the company to implement the plans of the company in relation to its European Market development. More specifically the Greek and Bulgaria market are the first to be developed and the necessary agreements will be in place early 2011.
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