v2 Report - Additional Information Supplement

BFW Burger Fuel Worldwide Limited

 

 

IPOs and Investment Opportunities

Press releases
Burger Fuel Worldwide Limited

BFW

14 Aug, 2007, 09:35

GENERAL

BurgerFuel opens 22nd NZ store
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

 

Chairman's report

 

Burger Fuel Worldwide Limited

BFW

26 Jul, 2007, 15:27

PRELIST

BURGERFUEL TO LIST ON NZAX
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

 

Burger Fuel Worldwide Limited BFW 24 Jul, 2007, 11:01 LISTING Updated BFW Listing & Quotation Notice
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
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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