UK – Coffee Republic receives applications for 21.98 mln shares

LONDON  – Coffee Republic PLC said it has received applications for 21.98 mln shares, or 77.7 pct of the shares available, under its open offer.
The coffee chain and deli bar operator also said it has also received applications for 89.07 mln shares for the 6.30 mln new shares available under the excess application facility, making it necessary to scale back applications under the excess application facility.
On April 2, the company announced an open offer of up to 28.28 mln shares at 2.5 pence each.