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v2 Report -
Additional Information Supplement
BFW Burger
Fuel Worldwide Limited
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IPOs
and Investment Opportunities |
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Press releases
| Burger Fuel Worldwide Limited
BFW
14 Aug, 2007, 09:35
GENERAL
BurgerFuel opens 22nd NZ store |
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BurgerFuel Worldwide Press Release
Tuesday, 14 August 2007
BurgerFuel opens 22nd NZ store.
Since listing on the NZAX only 2 weeks ago, BurgerFuel has opened
another franchised store in the North Island, bringing the total
NZ store numbers to 22. This week's opening of the Mt Maunganui
store in the Bayfair shopping centre marks the 2nd store in the
Tauranga region and comes quickly after the launch of the Queen St
store in Auckland's CBD last month.
BurgerFuel Chief Executive Officer Chris Mason says that the Queen
St store has been performing very well, already reaching sales
figures at the top of the franchise network with store specific
promotion yet to commence.
He said the decision to open in Mt Maunganui was based on the
growing potential in that region and the success of the existing
store in Tauranga.
The next franchised store is due to open in Napier, in early
October. In Australia BurgerFuel King's Cross in Sydney is
currently under construction and is expected to open in mid
September. This second Australian store will be owned and operated
by BurgerFuel Worldwide.
For further information:
Chris Mason
Chief Executive Officer
09 376 6007 // 021 666 454 |
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Chairman's
report
| Burger Fuel Worldwide Limited
BFW
26 Jul, 2007, 15:27
PRELIST
BURGERFUEL TO LIST ON NZAX |
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Media Release 26 July 2007
BURGERFUEL TO LIST ON NZAX
BurgerFuel Worldwide (BFW) has announced that it will list on
the NZAX on Friday 27th July.
Chairman Peter Brook said that the company has raised $8
million.
Total applications of $5.25 million have been received from 2380
shareholders and the balance of $2.75 million from Founders
Chris Mason and Josef Roberts, who also purchased shares from
the public pool.
Mr Brook said that although it was the minimum amount of equity
sought, the company had flexibility as to its capital
requirements.
It would use the new capital to secure prime locations and
undertake preliminary fit-out work. It would be able to recycle
that capital as it on-sold these stores to franchisees who would
pay 100% of the costs associated with their store. Franchisees
also pay up-front and on-going royalty fees to BFW.
In Australia where BurgerFuel already has one franchised store,
the company would use the same franchise model as NZ to expand.
It would, however, own and operate its proposed store in
Sydney's Kings Cross, which was due to start construction
shortly. That store would be beneficial as a training facility
and would also provide additional revenue to the company. It is
located directly under the iconic Coke sign, at the entry to
Kings Cross.
Mr Brook said that the IPO process had spurred interest in the
brand both nationally and internationally and that BFW would
also look to roll out stores in other countries with local
partners, thereby reducing the requirement for capital
investment.
BurgerFuel opened in Queen Street two weeks ago and so far that
operation had the highest store turnover in the system. It's due
to open its second Tauranga store and a Napier store shortly,
bringing total store numbers to 24.
ENDS
For further information:
Peter Brook Josef Roberts
Chairman Director
021 921189 021 444786
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| Burger Fuel Worldwide Limited |
BFW |
24 Jul, 2007, 11:01 |
LISTING |
Updated BFW Listing &
Quotation Notice |
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Updated Listing & Quotation
Notice Ordinary Shares (BFW)
Initial Listing
Company: Burger Fuel Worldwide Limited (BFW)
Prospectus dated: 18 June 2007
Registered Office: c/o Grant Thornton Auckland Limited
97-101 Hobson Street
Auckland 1015
Telephone: +64 9 376 6007
Facsimile: +64 9 376 6026
Website: http://www.burgerfuel.com
Issued Capital and Quoted Securities: An initial public offering
of 15,000,000 Shares with an offer price of $1.00 per Share in
minimum parcels of 1,000 Shares.
The total number of Shares on issue following the Offer, if fully
subscribed, will be 60,000,000.
Nature of Business: Burger Fuel Worldwide develops and manages
both franchised and company owned fast food stores. The company is
planning to expand its franchise network in New Zealand, build
stores in Australia as well as explore entry into other
international markets such as the UK and USA.
Directors: Peter Brook, Christopher Mason, Josef Roberts, Emmet
Hobbs
Minimum Subscription: $1,000, and thereafter in multiples of $100
Financial Year End: 31 March
Share Registrar: Computershare Investor Services Limited (RMLT)
Lead Manager and NZX Sponsor: Grant Samuel & Associates
Limited
Auditor: Staples Rodway
Solicitor: Kensington Swan
Accountant: Grant Thornton
Issuer Code: BFW
Short Name: Burgerfuel
ISIN: NZBFWE0001S6
Settlement Status: FASTER
Sector: Food
Waivers Granted: None
Offer Opening Date: Monday, 18 June 2007
Offer Closing Date: *Monday, 23 July 2007
Allotment Date: *Thursday, 26 July 2007
Pre-Listing Date: Friday, 22 June 2007
Expected Commencement of Trading on NZAX Market: *Friday, 27 July
2007 at 11.00am |
| Burger Fuel Worldwide Limited |
BFW |
24 Jul, 2007, 11:04 |
LISTING |
Updated BFWOA Listing &
Quotation Notice |
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Updated Listing & Quotation
Notice Options (BFWOA)
Company: Burger Fuel Worldwide Limited (BFW)
Details of Security to be Quoted: An issue of approximately
3,200,000 Options. Investors in the Offer will receive one Option
for every five Shares in the Company. Holders of the Options will
be entitled to subscribe for one ordinary share for every one
option held on payment of the exercise price of $1.00.
Exercise Price: $1.00
Allotment Date: *Thursday, 26 July 2007
Exercise Period: Options can be exercised during the period
commencing 18 Months after their allotment and ending on the
Option Expiry Date (a one month period that commences *26 January,
2009 and finishes 26 February, 2009). Options not exercised during
this period will lapse.
Option Starting Date: *26 January 2009 (18 Months from the date of
allotment of the Options)
Option Expiry Date: *26 February 2009 (19 Months after the date of
allotment of the Options)
Offer Basis: 1:5 on a pro rata basis with fully paid ordinary
shares
Ranking on Exercise: Pari passu
Registrar: Computershare Investor Services Limited (CPST)
Settlement Status: FASTER
Security Code: BFWOA
ISIN: NZBFWE0002S4
Effective Quotation Date: *Friday, 27 July 2007 at 11.00am |
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