Zoetic International PLC Result of General Meeting (9173U)
November 28 2019 - 1:00AM
UK Regulatory
TIDMZOE
RNS Number : 9173U
Zoetic International PLC
28 November 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.
28 November 2019
Zoetic International plc
("Zoetic" or the "Company")
Result of General Meeting
The Company is pleased to announce that at the General Meeting
held yesterday all resolutions were passed.
Consequently, pursuant to the buy-back agreement that the
Company has entered into with Diversion Technologies LLC
("Diversion"), Zoetic has purchased 950,000 ordinary shares of 1
pence each in the Company at a price of 7.80 pence, being the
closing mid-market price on 27 November 2019. No payment will be
made to Diversion but, instead, GBP74,100 will be applied to reduce
the debt owed by Diversion to the Company. Diversion will also make
a further payment in cash to extinguish the debt, the amount of
which will be determined at the time of settlement of the
transaction.
Following completion, the purchased ordinary shares will be held
in treasury and therefore the total number of ordinary shares in
Zoetic with voting rights will be 148,160,034. 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 and Transparency Rules, or if such interest has
changed.
**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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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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