REG - Zenova Group PLC - Placing to raise £250,000

ZenovaAnnouncement

21/02/2025 07:00

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RNS Number : 9418X  Zenova Group PLC  21 February 2025

21 February 2025

 

Zenova Group PLC

("Zenova" or "the Company")

 

Placing to raise £250,000

 

Zenova Group plc (AIM:ZED), the innovative fire suppression and interdiction
solutions company, is pleased to announce that the Company, through its
corporate broker Peterhouse Capital Limited ("Peterhouse"), has conditionally
raised gross proceeds of £250,000 via a placing (the "Placing") of
100,000,000 new ordinary shares at a price of 0.25 pence per share ("Placing
Shares"). The Fundraise was undertaken with existing shareholders and new
institutions and several new high net worth investors.

 

As part of the Placing, warrants have been issued on a 1-for-1 basis, allowing
new investors to subscribe for additional shares at 0.5 pence per new ordinary
share, with an exercise period of 18 months from the date of admission.

 

Use of Proceeds

The proceeds will be used to ensure sufficient working capital and enable the
Company to continue to progress on substantial and continuing order interest
for the Group's extinguisher products.

 

Admission & Total Voting Rights ("TVR") Statement

 

Prior to this Placing, the Company had 140,225,973 ordinary shares of £0.001
par value on issue, each with one vote per share. The Company does not hold
any ordinary shares in treasury. Following the issuance of the 100,000,000
Placing Shares, the TVR will increase by 100,000,000 shares, bringing the
total number of voting rights in the Company to 240,225,973.

 

Therefore, the figure of 240,225,973, post the issue of these new Placing
Shares, can be used by shareholders to determine whether they have a
notifiable interest in the share capital of the Company under the Disclosure
Guidance and Transparency Rules, or if such interest has changed.

 

The 100,000,000 Placing Shares will be admitted to trading on AIM on or around
28 February 2025, following settlement.

 

Director Participation

 

Dr. Etrur Albani, Non-Executive Director of the Company (the "Participating
Director"), has agreed to participate in the Placing for 4,000,000 Placing
Shares at the Issue Price. The interests of the Participating Director in the
Company's enlarged share capital will be as follows:

 

 Director          Number of Ordinary Shares held as at the date of this announcement  Number of Placing Shares subscribed for  Resulting number of Ordinary Shares held immediately following Admission  Percentage Holding immediately following  Admission
 Dr. Etrur Albani  5,405,000                                                           4,000,000                                9,405,000                                                                 3,9%

 

- ENDS -

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 

For further information, please contact:

 

Zenova Group PLC

Thomas Melchior, CEO

Fiona Rodford, Chairperson

Tel: +44 20 3475 6834

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis

Tel: +44 20 3368 3550

 

Peterhouse Capital Limited (Broker)

Tel: +44 207 469 0930

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely associated ("PCA")
with them.

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Dr. Etrur Albani
 2    Reason for notification
 a)   Position / status                                            Non Executive Director
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Zenova Group plc
 b)   LEI                                                          213800QXC9WBOBNBQS55
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.001 each in Zenova Group plc

      Identification code                                          ISIN: GB00BNVVH568
 b)   Nature of the transaction                                    Acquisition of ordinary shares of £0.001 each in a subscription;

 c)   Price(s) and volumes(s)                                      Price(s)    Volumes(s)

                                                            0.25 pence  4,000,000

 

 d)   Aggregated information                                       n/a
 e)   Date of the transaction                                      20 February 2025
 f)   Place of the transaction                                     Outside a Trading Venue

 

 

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 February 2025

f)

Place of the transaction

Outside a Trading Venue

 

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