REG - Zenova Group PLC - Three Month Extension to 'Right to Subscribe'

ZenovaAnnouncement

25/07/2022 07:00

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RNS Number : 5239T  Zenova Group PLC  25 July 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

25 July 2022

Zenova Group PLC

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

 

Three Month Extension to Amati Global Investors Limited's 'Right to Subscribe'

 

Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat
management technology and products, advises that it has agreed to extend Amati
Global Investors Limited's ("Amati") right to subscribe for additional shares
in the Company by three months.

Under the existing right, which was granted at the time of the Company's AIM
IPO, Amati could subscribe for an additional 6,578,947 Ordinary Shares in the
Company at the Placing Price of 19 pence within nine months of the Company's
Admission to AIM. This right would have expired on 21 July 2022 following an
agreement to extend by an additional three months (as announced on 19 April
2022). A further extension of three months has now been agreed between Amati
and Zenova extending this right to 21 October 2022.

Amati Global Investors Limited currently holds 3,947,368 shares in the
Company, representing 4.23% of the Company's AIM Securities in issue.

For further information please contact:

 Zenova Group PLC
 Tony Crawley, Chief Executive Officer  Via Orana Corporate LLP:

Anthony Eastman
 Don Nicolson, Non-Executive Chairman
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

 Redbine Ltd (Media Enquiries)
 Paul Dulieu                            Tel: +44 203 093 9530

                                                +44 7554 521 421

                                        Email: paul@redbine.co.uk

 

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

Patent pending next generation ceiling sprinkler filled with proprietary
Zenova Fluid (Zenova FXB) that removes the need to install large fluid tanks,
piping, complicated equipment, and software. This sprinkler could be installed
in the kitchen.

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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