Update on Sale of DTU and Kansas Nitrogen Assets

RNS Number : 8965U

Zoetic International PLC

03 August 2020

 

3 August 2020

Zoetic International plc

("Zoetic" or the "Company")

Update on Sale of DT Ultravert ("DTU") Interest and Kansas Nitrogen Assets

Zoetic International plc (LSE: ZOE), the London-listed vertically integrated CBD and natural resources company, provides a further update on the sale of DTU and its Kansas nitrogen assets to Path Investments plc ("Path"), as previously announced on 27 May 2020 and 8 July 2020 (the "Transaction").

The Transaction has not yet completed due to matters beyond the Company's and Path's control, but the Board remains hopeful that matters will be concluded shortly.  The Company and Path have agreed an extension to allow the Transaction to complete.  The delay in completion of the Transaction has no material impact on the financial performance of the Company.

Enquiries

Zoetic International plc   c/o IFC Advisory

Trevor Taylor, Co-CEO

Allenby Capital Limited (Financial Adviser and Broker)                                            [phone]

Nick Harriss (Corporate Finance)

Nick Naylor (Corporate Finance)

Guy McDougall (Equity Sales)

IFC Advisory Ltd (Financial PR and IR)                                                                          [phone]

Tim Metcalfe

Graham Herring

Florence Chandler

 

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