BUZZ-New Zealand's Cooks Coffee gains on UAE expansion plans

Reuters

01/28

BUZZ-<a href="https://laohu8.com/S/NZERF">New Zealand</a>'s <a href="https://laohu8.com/S/CCC.NZ">Cooks Coffee</a> gains on UAE expansion plans

** Shares of Cooks Coffee Company CCC.NZ rise as much as 4.7% to NZ$0.225 in early trade, logging their largest intraday pct gain since December 19

** Cafe chain says its Esquires Coffee brand has entered into a master franchise agreement for the United Arab Emirates

** Says agreement is for a period of 10 years and provides for the opening of a minimum of 50 Esquires Coffee outlets in the country

** More than 47,000 shares change hands, 5.4 times the 30-day average

** Stock fell 18.2% last year

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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