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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Highlands Natural Resources Plc | LSE:HNR | London | Ordinary Share | GB00BWC4X262 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.70 | 4.60 | 4.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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) Dow Jones Newswires
March 31, 2021 02:00 ET (06:00 GMT)
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