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Zoetic Interntnl PLC - Settlement of Diversion Debt & Notice of Results

RNS Number : 8904W
Zoetic International PLC
16 December 2019
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

16 December 2019

 

Zoetic International plc

("Zoetic" or the "Company")

 

Settlement of Diversion Debt

 

Zoetic, the London listed vertically integrated CBD and natural resources company, is pleased to announce the debt owed to the Company by Diversion Technologies LLC ("Diversion") has now been settled in full.

 

Further to the announcement made on 28 November 2019, Zoetic's purchase of 950,000 ordinary shares from Diversion has now completed and Diversion has also made a further payment to the Company of $44,854.  The combination of these two transactions fully settles the debt owed by Diversion, including taking account of further expenditure incurred by the Company during the current financial year.

 

Notice of results

Zoetic will be announcing its interim results for the six months ended 30 September 2019 on Monday 23 December 2019.  At the time of its results, the Company will provide a further update on progress at its operations.

 

**ENDS**

 

Enquiries

 

Zoetic International plc                                                                                               +44 (0) 1738 472 029

Nick Tulloch

 

IFC Advisory Ltd                                                                                                              +44 (0) 20 3934 6630

Tim Metcalfe

Graham Herring

Florence Chandler


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Quick facts: Zoetic International PLC

Price: 9.45

Market: LSE
Market Cap: £14.09 m
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