Zoetic International PLC (LON:ZOE) told investors that the previously delayed long-stop date has now passed for the completion of a sale of the non-core DT Ultravert business unit.
The company, in a statement, noted that it remains committed to exiting its legacy natural resources activities.
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Management will actively investigate solutions in relation to its interest in DTU, including continuing discussions with the proposed counterparty, Path Investments PLC.
"We are committed to achieve the best deal possible for our shareholders, and will look at all possible options," said Trevor Taylor, Zoetic co-chief executive.