Cooks Food Group finds listeria in products

The only company to list on the stock exchange this year, Cooks Food Group, is recalling four products after they were found to contain listeria.

The Olive Grove and Sahara tahini is sold in supermarkets throughout the country.

There have been no reports of illness so far.

Cooks Food Group says total sales of the products in question represent less than 2% of the aggregate annual sales value for the entire Cooks product range and it is not expected that this recall will have any material financial effect on Cooks.

Cooks Food Group debuted on the NZAX bourse last month.
So far, only $1000 of shares have changed hands.

The company, which consists of food businesses Cotterill & Rouse, Murdoch Foods and Sahara Foods, is looking to raise capital for the acquisition of another food-related business.

It gained its place on the exchange via a back-door listing through Tasman Capital, which involved Tasman’s 450-odd shareholders being given a combined 10% of the company’s shares.

Now those shareholders will be offered the chance to increase their stakes via a $5000 “share purchase plan.”

 


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