Zoetic International PLC Issue of Shares (9583T)
March 31 2021 - 1:00AM
UK Regulatory
TIDMZOE
RNS Number : 9583T
Zoetic International PLC
31 March 2021
For immediate release 31 March 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
Zoetic International plc
('Zoetic' or the 'Company')
Issue of Shares
Holding in Company
Zoetic, the international CBD group, has received an exercise
notice from Mr John Story to exercise today the full conversion
rights on the GBP330,000 convertible loan note issued by the
Company, originally announced on 12 February 2020 (the "Loan
Note"). The Loan Note was convertible at a price of 6 pence per
ordinary share of 1 pence each ("Ordinary Shares"), and was capable
of exercise by Mr Story, in his sole discretion, at any time. As a
result, the Company has today issued 5,500,000 new Ordinary Shares
to Mr Story (the "Conversion Shares") and the liability of the Loan
Note has been extinguished.
Application will be made to the London Stock Exchange for the
Conversion Shares to be admitted to trading on the Main Market of
the London Stock Exchange and the Standard Segment of the FCA
Official List (" Admission "). It is expected that Admission will
become effective and that dealings in the Conversion Shares on the
Main Market of the London Stock Exchange will commence on or around
7 April 2021.
On Admission, the Company will have 202,070,034 Ordinary Shares
in issue, each with one voting right. There are no shares held in
treasury. Therefore, the Company's total number of Ordinary Shares
and voting rights will be 202,070,034 and this figure may be used
by shareholders from Admission as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Following Admission, and to the best of the Company's knowledge,
Mr Story will have a total interest in 27,512,221 Ordinary Shares,
equivalent to the 13.62 per cent of issued Ordinary Shares. Mr
Story has agreed not to dispose of the Conversion Shares for a
period of one year from today (the "Period"), unless the Ordinary
Shares trade at a minimum mid-market closing price for 10
consecutive trading days of not less than 480p at any point during
the Period.
- Ends -
Publication on website
A copy of this announcement is also available on the Group's
website at www.zoeticinternational.com
Media enquiries:
Zoetic International plc c/o Buchanan
Trevor Taylor, Co-CEO
Antonio Russo, Co-CEO
Allenby Capital Limited (Financial Adviser
and Broker) +44 (0) 20 3328 5656
Nick Harriss (Corporate Finance)
Nick Naylor (Corporate Finance)
Guy McDougall (Equity Sales)
Buchanan
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7466 5000
/ Ariadna Peretz
zoetic@buchanan.uk.com www.buchanan.uk.com
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END
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