Zoetic Interntnl PLC - Subscription to raise £0.39 million
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.
("Zoetic" or the "Company")
Subscription to raise
The proceeds of the Subscription will be applied primarily to accelerate the contract manufacturing of Zoetic's products in the US. As the Company announced on
The Loan Notes are non-transferable, unsecured and convertible into new ordinary shares in Zoetic at a conversion price of
The Subscription Shares comprise the 950,000 shares currently held by the Company in treasury. Following completion of the Subscription, the Subscription Shares will rank pari passu in all respects with the existing Ordinary Shares in issue, including the right to receive all dividends and other distributions declared, and the total number of Ordinary Shares in Zoetic with voting rights will be 149,110,034. This figure may be used by Zoetic shareholders as the denominator for calculations to determine if they have a notifiable interest in Zoetic under the Disclosure Guidance and Transparency Rules, or if such interest has changed.
"I am delighted to welcome
Nicholas Malins Smith
This information is provided by RNS, the news service of the
Quick facts: Zoetic International PLC
Market Cap: £17.37 m
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