REG - Zenova Group PLC - Board Changes

ZenovaAnnouncement

30/11/2022 07:16

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RNS Number : 9985H  Zenova Group PLC  30 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 ("MAR") WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

30 November 2022

 

Zenova Group PLC

("Zenova", the "Company" or the "Group")

 

Board Changes
 
Zenova enhances Executive capacity to facilitate CEO focus on near term delivery

 

Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat
management technology and products, is pleased to announce that Don Nicolson,
currently Non-Executive Chairman, is appointed Executive Chairman with
immediate effect.

 

Don Nicolson has chaired the board of directors since the company was admitted
to AIM in July 2021 and is now increasing his role to provide executive
capacity as the business develops to meet the demand it has generated for its
products, in particular supporting the management team as they focus on
penetrating markets globally.  Don's many years of international experience
in senior executive roles at companies such as BP will assist Zenova as it
grows and expands its customer base worldwide.

 

Following Don's appointment, the near-term focus of the CEO will be the
closing of the existing sales pipeline and delivery of increased sales in the
forthcoming 12 months combined with rigorous cost management and improved
brand recognition.

 

Dr Etrur Albani is stepping down as Executive Vice Chairman and continuing his
role as a Non-Executive Director. He will continue to provide valuable insight
and advice in line with his responsibilities as a Non-Executive Director.

 

Tony Crawley, Chief Executive of Zenova Group PLC said: "As Zenova grows and
develops, I welcome the advice, assistance and wealth of experience that Don
will bring in an Executive capacity to the company to help maximize the
opportunities that we have worked hard to generate to date."

 

Zenova Group PLC Executive Chairman, Don Nicolson, added: "Zenova has
remarkable, life-changing, products and I look forward to bringing additional
Executive capability to the business as we develop existing opportunities to
the fullest extent, grow new markets and look to deliver rapid and sustainable
sales growth."

 

 

For further information please contact:

 

 Zenova Group PLC
 Tony Crawley, Chief Executive Officer Don Nicolson, Executive Chairman  Via Orana Corporate LLP: Anthony Eastman

                                                                         Tel: +44 20 3475 6834
 SPARK Advisory Partners Limited (Nominated Adviser)
 Matt Davis / Adam Dawes                                                 Tel: +44 20 3368 3550
 SI Capital Limited (Broker)

 Nick Emerson  Tel: +44 1483 413 500

 

About Zenova Group PLC:

 

The Group, through Zenova Ltd, is the holder of intellectual property that
underpins a suite of fire safety and temperature management products and
technology. The product range is applicable to industrial, commercial, and
residential markets. The Group's products include fire retardant paints,
insulating paints and render, fire extinguishing fluid and applications.
Through innovative development, and a refined formulation and development
process, Zenova provides industry leading solutions across a range of fire
protection and temperature management problems, comprising:

Zenova (https://zenovagroup.com/products/zenova-fp/) FP
(https://zenovagroup.com/products/zenova-fp/)

A water-based fire-protection paint that prevents ignition and spread of fire.
It can be used in commercial, industrial, and domestic applications on variety
of materials, from wood to metal.

Zenova (https://zenovagroup.com/products/zenova-fx/) FX
(https://zenovagroup.com/products/zenova-fx/)

Patent pending fire extinguisher filled with proprietary Zenova Fluid (Zenova
FXB) that extinguishes all types of fires, reduces chances of re-ignition,
works in cold (-15 ̊C) conditions, is non-toxic and does not produce harmful
by-products.

Zenova (https://zenovagroup.com/products/zenova-ip/) IP
(https://zenovagroup.com/products/zenova-ip/)

Thermal insulation paint that creates a thermal barrier, provides thermal
reflection of sunrays and infrared radiation, anti-condensation, and
anti-mould properties. It can be applied to virtually any exterior or interior
material, regardless of the surface.

Zenova (https://zenovagroup.com/products/zenova-ir/) IR
(https://zenovagroup.com/products/zenova-ir/)

Thermal insulation render to enhance the effectiveness of insulation by
creating a thermo shield. It fills all cavities and gaps regardless of
geometric shape and creates a vacuum - the most effective insulator.

Zenova WB (https://zenovagroup.com/products/zenova-cs/)

 

A wildfire barrier fluid (applied via spray wands or aerial drops), which
provides a virtual barrier where fire simply will not burn. Repeated tests on
a variety of extremely dry wildfire fuels (grasses, hays, brush) demonstrates
the incredible fire resistance Zenova WB provides, while remaining viable
after application for 30+ days in dry conditions.

 

The Group has achieved this without compromising the sustainability of natural
and economical resources, including personal health and safety, with
ecologically sound products.

Further information on the Group can be found at www.zenovagroup.com
(http://www.zenovagroup.com/)

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