Zoetic International PLC Settlement of Diversion Debt & Notice of Results (8904W)
December 16 2019 - 2:01AM
UK Regulatory
TIDMZOE
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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END
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