Zoetic Interntnl PLC - New Distribution Agreement and Trading Update
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Article 7 under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
("Zoetic" or the "Company")
New Distribution Agreement
Trading & COVID-19 Update
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● Executed distribution agreement with a US multi-state provider.
● The Chill brand's total reach with fully executed distribution agreements now totals over 6,000 retail outlets.
● While COVID-19 has slowed the roll-out, the position is now looking more positive.
● Discussions with AATAC continue.
Multi-state distribution agreement
Chill, Zoetic's tobacco alternative brand, is pleased to announce that it has signed a distribution agreement with a new partner BettermentRS to market Chill products to their network of outlets (the "Agreement"). The Agreement is the latest development from the Company's strategic partnership with
Trading & Covid-19 Update
The Agreement brings the Company's total number of active distribution agreements in the
However, it is now becoming clear that lockdown restrictions are being relaxed throughout the
The Company remains engaged in negotiations with AATAC (as previously announced on
Chill has positioned itself as a target brand for retailers and distributors globally. Strong brand recognition is generating inquiries from international distributors and the Board is targeting signing its first international distribution agreement during
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The Company's issued share capital as at the date of this announcement comprises 185,820,034 ordinary shares of
The above figure may be used by shareholders in the Company 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 share capital of the Company under the
Trevor Taylor, Co-CEO
This information is provided by RNS, the news service of the
Quick facts: Zoetic International PLC
Market Cap: £19.36 m
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