Zoetic Interntnl PLC - Notice of General Meeting
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.
Notice of General Meeting
As announced in its trading update on
As the Company does not have an existing authority to make purchases of its Ordinary Shares, it is convening a general meeting of its shareholders (the "General Meeting") to seek approval to make both off-market and on-market purchases of its Ordinary Shares. For the time being, however, the Company has no other plans to make purchases of any Ordinary Shares aside from the 950,000 Ordinary Shares owned by Diversion.
The Board has today signed an agreement with Diversion (the "Buy-back Agreement"), which sets out the terms on which the Company will purchase the 950,000 Ordinary Shares from Diversion (the "Buy-back Shares"). Pursuant to the Buy-back Agreement,
Following the share purchase and the cash payment by Diversion, the outstanding debt will be deemed to have been repaid in full. The Company intends to hold the 950,000 Buy-back Shares in treasury.
The Circular and a Form of Proxy in relation to the General Meeting are being posted to shareholders today, and the Circular will shortly be available for viewing on the Company's website at www.zoeticinternational.com.
This information is provided by RNS, the news service of the
Quick facts: Zoetic International PLC
Market Cap: £23.35 m
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