REG - Zenova Group PLC - Board Changes

ZenovaAnnouncement

27/03/2024 15:30

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RNS Number : 5692I  Zenova Group PLC  27 March 2024

27 March 2024

Zenova Group PLC

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

 

Board Changes

 

Zenova Group PLC (AIM: ZED), the innovative fire suppression and interdiction
solutions Company, announces the following board changes:

After playing a pivotal role in the development of Zenova's market-leading
suite of intumescent paints and fire extinguisher fluid products to where the
Company is ready to execute on orders across multiple jurisdictions, Don
Nicolson, non-Executive Chairman, has informed the Board of his intention to
step down with immediate effect.  The Company extends its heartfelt thanks
for his invaluable contributions throughout his tenure.

Also, with immediate effect, Fiona Rodford has been appointed as non-Executive
Group Chair to replace Don.  Fiona is a long-time Board member who currently
chairs the Remuneration Committee as well as runs the weekly Executive Action
Planning meeting alongside CEO Thomas Melchior.  Fiona brings a wealth of
experience as a Chief People Officer and Transformation lead, working within
large global businesses including BAA, Alliance & Leicester, Thomas Cook
and Booker.

Fiona holds a non-Executive Directorship at Carr's Group Plc, is Deputy Chair
of Pilotlight, and is a member of the Remuneration and Appointments Committee
of the Recruitment and Employment Council.

Don Nicolson, outgoing Chairman, said, "Leading Zenova to the point where it
offers some of the most innovative products in its sector has been immensely
satisfying.  I know I'm leaving the Company's significant potential in very
capable hands with Fiona's appointment to replace me."

 

Fiona Rodford, Incoming Chair said, "Don's leadership in getting Zenova's
product offerings to the point where the Group can now focus on closing
business and exploiting its continued penetration of new markets through its
expanding distribution arrangements, makes my job as incoming Chair even more
compelling."

 

Thomas Melchior, CEO, Zenova Group said, "Fiona and I have had a productive
and supportive working relationship for some time.  I echo her sentiments
regarding Don's experience and professionalism in getting the Company to this
successful inflection point, and I want to thank him personally for his
service to Zenova."

 

For further information please contact:

    Zenova Group PLC
    Thomas Melchior, Chief Executive Officer      Via Orana Corporate LLP:

Anthony Eastman
    Fiona Rodford, Non-Executive Group Chair
Tel: +44 20 3475 6834

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

    SI Capital Limited (Joint Broker)
    Nick Emerson                                  Tel: +44 1483 413 500

    Peterhouse Capital Limited (Joint Broker)

    Charles Goodfellow / Rose Greensmith          Tel: +44 20 7469 0930

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 fire extinguishers.
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 FP, fire protection paint

A water based, fire protection paint (also known as a 'thermofoaming' or
'intumescent' paint), which can be used on any surface and colour matched to
any colour. When exposed to heat or flames, the paint expands and creates a
solid foam-like crust which will not burn and insulates the surface it is
painted on. This prevents surfaces from catching fire and stops fire
spreading.  It has been tested by global fire industry experts and complies
with UK building regulations and the latest UK and European fire safety
standards.

Zenova IP, thermal insulation paint

A thermal insulation paint embeds the most modern insulating technology in a
thermos-like ultra-thin layer.  It saves energy by increasing the thermal
insulation level in commercial and residential buildings. Solar heat can
increase the temperature within a building by 75% to 90%. Zenova IP has been
independently tested and validated to deflect, absorb and dissipate up to 75%
of this heat, thereby reducing the inside temperature by up to 45%.  Suitable
for both exterior and interior, on any type of surface

Zenova IR, thermal insulation render

Zenova IR is a ready mixed insulation render that can be applied to internal
and external walls in commercial and residential buildings to provide
immediate insulation benefits and can be colour matched to any colour.

Zenova FX, fire extinguishers

A fire extinguisher like no other. It puts out class A, B, F, Electrical fires
fully tested against European EN3 as well as British standards. Available in 6
and 9 litre sizes.

Zenova FX500, aerosol fire extinguisher

The Zenova FX500 is a high-performance handheld fire extinguisher that is
tested by independent experts and adheres to the highest industry
standards.   Safe for use on any type of fire the Zenova FX500 reduces the
risk of reignition. The Zenova FX 500 is quick, easy and safe to operated and
has been tested to BS6165 standard.

Zenova WB, wildfire barrier

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 for30+ days in dry conditions.

 

 

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