Business
Issue of Shares
Issue of Shares.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9583T\n Zoetic International PLC\n 31 March 2021\n \n \n \n \n \n \n For immediate release\n \n \n 31 March 2021\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n \n \n \n \n \n \n \n Zoetic International plc\n \n \n ('Zoetic' or the 'Company')\n \n \n \n \n \n Issue of Shares\n \n \n Holding in Company\n \n \n \n \n \n Zoetic, the international CBD group, has \n received an exercise notice from Mr John Story to exercise today the full conversion rights on the £330,000 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.\n \n \n \n \n \n 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 (\"\n \n Admission\n \n \"). 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 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 no...