REG - Zenova Group PLC - Voluntary Lock-In Extensions

ZenovaAnnouncement

12/07/2022 07:00

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RNS Number : 1421S  Zenova Group PLC  12 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

12 July 2022

Zenova Group PLC

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

 

 Voluntary Lock-In Extension For Directors and Founders

 

Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat
management technology and products, announces that the executive directors who
hold Ordinary Shares in the Company and the Locked-in Shareholders of the
Company (as defined in the Company's Admission Document published on 19 July
2021), which includes the Company's founders, have entered into a new Lock-In
Agreement.

 

Under the new Lock-In Agreement, for a period of 12 months following the 12
month anniversary of the Company's Admission to AIM, the executive Directors
who hold Ordinary Shares and the Locked-in Shareholders have agreed that they
will not dispose of any of the Ordinary Shares held by them (or enter into a
transaction with the same economic effect); in each case subject to certain
limited exceptions including in the event of an intervening court order, the
death of a party who is subject to the lock-in, in respect of an acceptance of
a takeover offer for the Company which is open to all shareholders. The new
lock-in agreement runs until July 2023.

 

The new Lock-in Agreement replaces various lock-in restrictions on the various
parties regarding the disposal of Ordinary Shares after the 12 months
anniversary of Admission, as detailed in paragraph 21.8 of Part 4 of the
Company's Admission Document.

Commenting on the news, Tony Crawley, CEO of Zenova Group PLC said: "The
Directors and founders of Zenova have agreed to the new lock-in agreement as
we feel it demonstrates commitment to the Company and underlines our
collective belief in the Company's growth strategy and equity story."

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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