Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Harry Chathli was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 14
Chill Brands Group plc Launches Chill Connect Wholesale Distribution Platform Chill Brands Group plc provided the following update to shareholders ahead of its Annual General Meeting that will be held later. The Company announced that its Chill Connect wholesale distribution platform has now launched, with over 2,000 initial retailer accounts onboarded to date. The platform enables UK convenience retailers to purchase tobacco alternatives, vaping products, pouches, beverages, confectionery and other fast-moving consumer goods directly through a dedicated wholesale channel. The launch is the product of a sustained period of operational development carried out against a backdrop of significant business change, including a fundamental repositioning of the Company's commercial model from a brand-led consumer goods business to a distribution-first platform serving the UK convenience retail sector. The Company is adopting a measured approach to growth, continuing to invite and onboard further retailers from its wider network over time. The Company's focus remains converting its extensive retailer network into consistent ordering via this wholesale site, and the immediate priority remains on ensuring that inventory availability and service capacity keep pace with demand as the business develops. A consistent and growing theme in retailer feedback is the appetite for a broader product range from a single trusted supplier. Independent convenience retailers increasingly look to consolidate their sourcing relationships, and the Board regards further category expansion across beverages, confectionery, sundries and other adjacent lines as a significant commercial opportunity and a priority area for the business. The Company is actively in conversation with a number of additional consumer goods brands seeking distribution and activation capability in the independent channel. Beyond range expansion, the Board believes the wholesale ordering platform delivers a structural improvement to the business model. By enabling retail partners to place orders at any time without requiring direct field representative input, the platform materially extends the Company's effective commercial reach, reduces its dependence on physical cash handling, and creates a scalable order management infrastructure that the field sales team can operate alongside rather than in place of. Annonce • Apr 21
Chill Brands Group PLC, Annual General Meeting, May 13, 2026 Chill Brands Group PLC, Annual General Meeting, May 13, 2026. Location: national liberal club, 1 whitehall place, london, sw1a 2he, United Kingdom Annonce • Oct 24
Chill Brands Agrees Settlement with Former Professional Advisers Chill Brands Group plc announced that it has reached a settlement with a former professional adviser in relation to the various disputes that affected the Company during 2024. The settlement, which provides for a cash payment of approximately £210,000 to Chill Brands, was agreed amicably and reflects a commitment by both parties to resolve their issues constructively and professionally. Both parties consider this matter fully resolved and no further comment will be made on the specifics of the settlement. Annonce • Jul 28
Chill Brands Group PLC to Report Second Half, 2025 Results on Jul 31, 2025 Chill Brands Group PLC announced that they will report second half, 2025 results on Jul 31, 2025 Annonce • Dec 19
Chill Brands Group plc Provides Update Regarding the Legal Action Announced on 25 July 2024 Chill Brands provided an update regarding the legal action announced on 25 July 2024 against its former directors and the status of its audit for the year ended 31 March 2024. Update on US litigation: Chill Brands announced that it has reached an out-of-court settlement with its former directors and that the Chill.com domain and related trademarks are now under the Company's ownership and management. The former directors will retain the monies they received prior to the general meeting held on 4 June 2024. This resolution brings the matter to a close, avoiding further expenditure on protracted US litigation and allows the Company to focus its resources on its core operations and future growth. Since its update of 9 December 2024, the Company has continued to work with its auditors towards the completion of its audit for the year ended 31 March 2024 (the "2024 financial report"). The Company still anticipates completing its audit and publishing the 2024 financial report during the first quarter of 2025. The settlement of the US litigation provides significant clarity in relation to the status of the Company's balance sheet post year end. The Company will provide further updates clarifying a timetable for publication of the 2024 financial report as progress is made. Annonce • Sep 06
Chill Brands Group PLC, Annual General Meeting, Sep 30, 2024 Chill Brands Group PLC, Annual General Meeting, Sep 30, 2024. Location: the offices of allenby capital limited, 5th floor, 5 st helens place, ec3a 6ab, london United Kingdom Annonce • Sep 05
Chill Brands Group plc Appoints Nick Tulloch as Non-Executive Director On 17 July 2024, Chill Brands Group PLC announced the proposed appointment of Nick Tulloch as a Non-Executive Director and that it was intended Nick would be appointed at the 2024 AGM. The Board announced that Nick has been appointed a Non-Executive Director with effect from 5 September 2024 and a resolution to re-appoint him in accordance with the Articles of Association of the Company will be proposed at the AGM. Nick Tulloch has advised companies on the UK capital markets for over 20 years, working for several well-known investment banks and stockbrokers, including Cazenove, Arbuthnot and Cantor Fitzgerald. He is CEO of Voyager Life plc, which he founded originally as a plant-based health & wellness company and is currently overseeing its transformation into a helium business with production assets in Kansas, USA. This marks the second time in his career that he has carried out a business change. He was finance director and then subsequently CEO of Chill Brands Group plc in 2019 - 2020 (at which time it was called Highlands Natural Resources plc and then Zoetic International plc) when he led the company's pivot from oil & gas and into what became its current operations. Nick began his career as a solicitor with Gouldens and he holds a master's in law from Oxford University. Nick is also chairman of ECR Minerals plc. The Board will continue its search for an additional Non-Executive Director and expects to appoint one prior during 2024. Annonce • Jul 17
Chill Brands Group plc Announces Scott Thompson to Step Down as Non-Executive Director and Establishes Nomination and Remuneration Committee Chill Brands Group PLC announced that Scott Thompson, a current Non-Executive Director, has informed the Board of his decision not to seek re-election at the forthcoming Annual General Meeting. Mr. Thompson will therefore stand down as a Director at the 2024 AGM. In addition to its Audit Committee, the Company has established a Nomination Committee and a Remuneration Committee in line with corporate governance best practice. The Non-Executive Directors, being Harry Chathli and Scott Thompson, will be members of all committees and any further Non-Executive Directors are expected to join them as they are appointed. Annonce • Jun 06
Chill Brands Group PLC Announces Appointment of Harry Chathli as Non-Executive Chairman Chill Brands Group PLC announced appointment of Harry Chathli as Non-Executive Chairman of the company on 4 June 2024. Annonce • Apr 24
Chill Brands Group Plc Announces Suspension of Callum Sommerton as Chief Executive Officer Chill Brands Group Plc announced the appointment of Fieldfisher LLP to conduct an investigation after allegations were raised around the use of inside information. The Company will be engaging with relevant authorities, including the Financial Conduct Authority, and the investigation's findings will be reported in due course. Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands in connection with these allegations. This suspension does not constitute disciplinary action or a disciplinary penalty and does not imply any assumption that Mr. Sommerton is guilty of any misconduct or that any decision has been made. The process of appointing an interim Chief Executive Officer is underway. Annonce • Apr 18
Jonathan Mark Swann Sends a Letter to Chill Brands Group On April 17, 2024, Chill Brands Group Plc announced that it has received a letter on behalf of Jonathan Mark Swann seeking to requisition a general meeting of the Company's shareholders under section 303 of the Companies Act 2006, as amended The Company stated that as a summary of the resolutions proposed within the requisitioner's letter is as follows: 1) the appointment of Graham Duncan as a director of the Company with immediate effect; 2) the appointment of Aditya Chathli as a director of the Company with immediate effect; 3) conditional upon the passing of Resolution 1 or 2, Antonio Russo to be removed as a director of the Company with immediate effect; 4) conditional upon the passing of Resolution 1 or 2, Trevor Taylor to be removed as a director of the Company with immediate effect; and 5) that any person appointed as a director of the Company since the date of the requisition of the Requisitioned General Meeting at which this resolution is proposed, and who is not one of the persons referred to in the resolutions numbered 1 and 2 (inclusive) above, be removed as a director of the Company with immediate effect. Annonce • Feb 01
Chill Brands Group PLC has completed a Follow-on Equity Offering in the amount of £1.200019 million. Chill Brands Group PLC has completed a Follow-on Equity Offering in the amount of £1.200019 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,500
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing Annonce • Jan 26
Chill Brands Group PLC has filed a Follow-on Equity Offering in the amount of £1.200019 million. Chill Brands Group PLC has filed a Follow-on Equity Offering in the amount of £1.200019 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,500
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.8m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-UK£700k). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m (UK£147k revenue, or US$187k). Minor Risk Market cap is less than US$100m (€23.1m market cap, or US$25.3m). Reported Earnings • Jan 02
First half 2024 earnings released: UK£0.006 loss per share (vs UK£0.009 loss in 1H 2023) First half 2024 results: UK£0.006 loss per share (improved from UK£0.009 loss in 1H 2023). Net loss: UK£1.57m (loss narrowed 28% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. New Risk • Dec 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.8m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-UK£700k). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (UK£147k revenue, or US$187k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€17.9m market cap, or US$19.8m). Annonce • Aug 25
Chill Brands Group PLC, Annual General Meeting, Sep 19, 2023 Chill Brands Group PLC, Annual General Meeting, Sep 19, 2023, at 14:00 Coordinated Universal Time. Location: Allenby Capital Limited, 5th Floor, 5 St Helen's Place, London EC3A 6AB London United Kingdom Reported Earnings • Jul 29
Full year 2023 earnings released: UK£0.017 loss per share (vs UK£0.026 loss in FY 2022) Full year 2023 results: UK£0.017 loss per share (improved from UK£0.026 loss in FY 2022). Net loss: UK£4.26m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year. New Risk • Jul 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€25.6m market cap, or US$27.9m). Annonce • Dec 07
Chill Brands Group plc Announces Planned Launch of Vape Products Chill Brands Group PLC announce that production has commenced on a new line of disposable vapour products scheduled to launch during First Quarter 2023. These nicotine-free botanical e-cigarette devices will initially be available in three fruit flavours with sales to be made both in retail stores and online via Chill.com. The Company's supplier has agreed to a reduced production price and extended production run to enable Chill Brands to expedite the launch of this new product category without incurring significant upfront costs. Data from research bodies suggests that the market for vapour products could exceed USD 55 billion by 2029. It is estimated that more than 26 million Americans use vapour products and, in addition to sustained attrition of users from traditional tobacco products to e-cigarettes, many consumers are now inclined to seek out nicotine-free alternatives that replicate the flavours, sensations, and habits they have come to enjoy without the inclusion of addictive ingredients. Chill vapour products will be manufactured to specifications that comply with UK rules and regulations to facilitate future growth opportunities. The Company has started a pre-sales programme with new and existing distributors to secure placement of its products across a variety of US retail settings. Further announcements relating to the launch of Chill Brands' vapour products will be made in due course. Board Change • Nov 17
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, Chief Commercial Officer & Executive Director Antonio Russo is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Scott Thompson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 01
Full year 2022 earnings released: UK£0.026 loss per share (vs UK£0.025 loss in FY 2021) Full year 2022 results: UK£0.026 loss per share (further deteriorated from UK£0.025 loss in FY 2021). Revenue: UK£624.2k (up 95% from FY 2021). Net loss: UK£5.57m (loss widened 16% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annonce • Sep 02
Chill Brands Group PLC, Annual General Meeting, Sep 29, 2022 Chill Brands Group PLC, Annual General Meeting, Sep 29, 2022, at 15:00 US Eastern Standard Time. Location: Allenby Capital Limited, 5th Floor, 5 St Helen's Place, London EC3A 6AB London, Uk United Kingdom Annonce • Jun 18
Chill Brands Group PLC has completed a Composite Units Offering. Chill Brands Group PLC has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 1,768,345
Price\Range: £0.12
Transaction Features: Rights Offering Board Change • Apr 29
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, Chief Commercial Officer & Executive Director Antonio Russo is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Scott Thompson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.012 loss per share (down from UK£0.005 loss in 1H 2021). Revenue: UK£1.07m (up UK£1.02m from 1H 2021). Net loss: UK£2.47m (loss widened 152% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Jan 28
Chill Brands Group Appoints Scott E. Thompson to its Board of Directors Chill Brands Group announced the appointment of Mr. Scott E. Thompson to its Board of Directors, as an Independent Non-Executive Director. Mr. Thompson has almost forty years of intellectual property law experience. He was most recently General Counsel, Intellectual Property/Marketing Properties for Mars Inc. Reported Earnings • Oct 03
Full year 2021 earnings released: UK£0.025 loss per share (vs UK£0.02 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: UK£320.9k (up 247% from FY 2020). Net loss: UK£4.80m (loss widened 63% from FY 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Sep 24
Chill Brands Group PLC Launches Tobacco-Free Nicotine Product Line Chill Brands Group PLC announced the launch of an innovative new range of Tobacco-Free Nicotine ("TFN®") flavour pouches. The Group has developed a new line of tobacco-free nicotine flavour pouches that is set to launch in the coming months. These innovative new products have been created using Next Generation Labs TFN® - a unique, market-leading nicotine product that is not derived from tobacco. The Company's use of Next Generation Labs TFN® complements its existing lineup of CBD products which remain an anchor for its growth strategy. The global nicotine pouches market is projected to grow to USD 32 billion by 2026. This launch is intended to pave the way for Chill to become a market leader through the sale of desirable CBD and TFN® nicotine alternatives. Chill's new product line will be distributed through the Company's extensive network of retail partners and is positioned to benefit from shifting consumer sentiment. Recent months have seen some of the world's foremost tobacco companies set out plans for the gradual discontinuation of traditional tobacco products which may signal their ultimate social stigmatisation and decline. The Group is now well placed to capitalise on this underlying shift in consumer sentiment through its CBD and TFN® lines. Highly significant marketing and promotional initiatives are now underway to support the expansion of the Chill tobacco-alternative product line. The Company is represented by a number of professional rodeo athletes who regularly appear in the media and are highly regarded by the rodeo community - a historical mainstay of the traditional chewing tobacco market. The Company is committed to underpinning its novel lifestyle marketing strategy by forming key partnerships in other sporting communities and looks forward to updating the market in due course. Reported Earnings • Sep 01
Full year 2021 earnings released: UK£0.03 loss per share (vs UK£0.013 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: UK£320.9k (up 247% from FY 2020). Net loss: UK£5.90m (loss widened 219% from FY 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Annonce • May 04
Zoetic International Plc has completed a Follow-on Equity Offering in the amount of £6 million. Zoetic International Plc has completed a Follow-on Equity Offering in the amount of £6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: £0.6
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Mar 06
New 90-day high: €1.12 The company is up 62% from its price of €0.69 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: €0.90 The company is up 106% from its price of €0.43 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 61% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: €0.59 The company is up 160% from its price of €0.23 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 28% over the same period. Annonce • Nov 19
Zoetic International PLC Provides Update on its Operations Zoetic International PLC provided the update on its operations. Highlights: Positive response to Chill products following commencement of US roll out with new distributor; Continued uplift in online sales month to month for the Chill brand; Improvements made to popular CBD gummies as Food Standards Agency novel foods submission prepared; Zoetic's Zesty Blood Orange CBD Oil highly commended in GQ's Grooming Awards 2021; Promising response to Chill products under new distribution agreement. Following previous announcements that Zoetic had secured a new US distribution agreement (the "Agreement"), the Company is happy to report that the initial roll out of its products is ahead of schedule and has been met with an overwhelmingly positive response. The Agreement, which concerns the sale of Zoetic's Chill brand of tobacco alternative CBD products, has already seen distribution begin across 125 new US stores in the first week alone. Whilst the Company is still at an early stage in the execution of a broader roll out, the speed and extent of distribution has exceeded expectations and stands the Company in good stead to beat launch targets should this pace continue. The Company looks forward to reporting on distribution sales numbers once they are suitably established, and fully anticipates that retailers will place repeat orders in the coming months. As previously reported with Zoetic online sales, Chills online orders are showing very positive results. New orders were up 190% in October, compared to September, which gives strong credence to the fact that the brand is really starting to catch traction online. Improvements made to Chill brand CBD Gummies as preparations made for Food Standards Agency novel foods application. The Company reported that constructive progress has been made in the preparation of its novel foods application to the UK Food Standards Agency (the "FSA"). Following the FSA announcement that CBD companies must have a validated novel food application for each of their products, Zoetic is making good progress towards meeting this regulatory obligation and anticipates doing so well ahead of the deadline on 31 March 2021. Working closely with the dedicated CBD division of leading international law firm CMS, the Company intends to use this opportunity to demonstrate its expertise in the field of compliance, thus building on its competitive advantage, whilst recognising the opportunities that may arise should competitors fail to meet the regulatory hurdle, potentially causing their products to be withdrawn from the market. As Zoetic moves towards the final stages of the application process, the Company is focusing its efforts on continuing to source organic ingredients for all of its branded products. Zoetic is continuously striving to use the most sustainable and, where possible, organic ingredients for all of its products, with transparent and honest ingredients lists. Recent Insider Transactions • Oct 30
Co-Chief Executive Officer & Director recently bought €215k worth of stock On the 28th of October, Antonio Russo bought around 500k shares on-market at roughly €0.43 per share. This was the largest purchase by an insider in the last 3 months. This was Antonio's only on-market trade for the last 12 months. Is New 90 Day High Low • Oct 07
New 90-day high: €0.40 The company is up 308% from its price of €0.098 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 55% over the same period. Annonce • Oct 02
Path Investments Plc (LSE:PATH) entered into an asset purchase agreement to acquire Kansas Nitrogen Reserves from Zoetic International Plc (LSE:ZOE). Path Investments Plc (LSE:PATH) entered into an asset purchase agreement to acquire Kansas Nitrogen Reserves from Zoetic International Plc (LSE:ZOE) on May 27, 2020. As part of the transaction, Path Investments Plc will acquire 75% stake in DT Ultravert technology. Under the terms of agreement, consideration for the transaction will be satisfied by the issue by Path to Zoetic of 15 million new ordinary shares of 0.1 pence each in Path together with warrants to subscribe for a further 15 million Path Shares at any time during the period between the first and third anniversaries of completion of the transaction at an exercise price of 1.5 pence per Path Share and Path Investments acquire its 75% ownership of its patented proprietary technology, DT Ultravert. As of July 7, 2020, the consideration for the transaction has been slightly adjusted. This will now be satisfied by the issue by Path to Zoetic of 15 million warrants to subscribe for ordinary shares in Path at any time from the first to the third anniversaries following completion at an exercise price of 0.75 pence per share, together with 15 million warrants to subscribe for ordinary shares in Path at any time from the first to the third anniversaries following completion at an exercise price of 1.5 pence per share.
Additionally, Path has agreed to pay, in perpetuity, to Zoetic a royalty equal to 6% of all gross revenues derived from DTU, accruing from receipt of first revenues, although not payable until 12 months thereafter. Royalty payments will be settled quarterly, with payments being made at the end of the quarter in which Path earns revenue. The transaction is expected to occur in the next two weeks following the completion of certain procedural matters, including a fundraising by Path, and a further announcement will be made when completion occurs. As of July 7, 2020, completion of the transaction is expected to occur during the next week. As of September 30, 2020, the deal is expected to close in months falling immediately after September 30, 2020. As of October 1, 2020 Completion of the acquisition from Zoetic is subject to the publication of a prospectus by Path and approved by the UK Financial Conduct Authority and readmission of Path's ordinary shares to the standard segment of the Official List maintained by the Financial Conduct Authority, and readmission to trading on the Main Market of the London Stock Exchange. Reported Earnings • Oct 01
Full year earnings released - €0.013 loss per share Over the last 12 months the company has reported total losses of UK£1.85m, with losses narrowing by 68% from the prior year. Annonce • Sep 03
True Oil LLC agreed to acquire Colorado Oil and Gas Interests from Zoetic International Plc (LSE:ZOE) for $0.38 million. True Oil LLC agreed to acquire Colorado Oil and Gas Interests from Zoetic International Plc (LSE:ZOE) for $0.38 million on September 2, 2020. However, the Group had a loan secured on the East Denver Assets of $276,574 from ANB Bank. The final proceeds due to the Company are expected to be less than $20,000, after paying ANB Bank, settling historic amounts due to True Oil as the operator of the East Denver Assets and the reassignment and repayment of existing bonding arrangements on the East Denver Assets. Completion of the sale is subject to certain procedural matters and a further announcement will be made when completion occurs. Nick Harriss, and Nick Naylor of Allenby Capital Limited acted as financial advisors and brokers to Zoetic International. Annonce • Jun 17
Path Investments Plc (LSE:PATH) agreed to acquire Kansas Nitrogen Reserves from Zoetic International Plc (LSE:ZOE). Path Investments Plc (LSE:PATH) agreed to acquire Kansas Nitrogen Reserves from Zoetic International Plc (LSE:ZOE) on May 27, 2020. Under the terms of transaction, consideration for the transaction will be satisfied by the issue by Path Investments to Zoetic International of 15 million new ordinary shares in the Path Investments, together with 15 million warrants to subscribe for ordinary shares in Path at any time from the first to the third anniversaries following completion at an exercise price of 1.5 pence per share. In the related transaction, Zoetic International, will acquire its 75% ownership of its patented proprietary technology, DT Ultravert. The deal is is expected to occur in the next two weeks following the completion of certain procedural matters, including a fundraising by Path. 