REG - Zotefoams PLC - Issue of Equity

ZotefoamsAnnouncement

15/04/2025 07:02

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RNS Number : 9889E  Zotefoams PLC  15 April 2025

Zotefoams plc

 

Issue of Equity

 

15 April 2025 - Zotefoams plc (LSE: ZTF) announces that it has conditionally
agreed to allot and issue 400,000 new ordinary shares of five pence each in
the capital of the Company ("Ordinary Shares") on 22 April 2025, (the "New
Shares").

 

The New Shares, which will rank pari passu with the existing Ordinary Shares
in issue, will be allotted and issued to the Zotefoams plc 2007 Employee
Benefit Trust (the "EBT") at the par value of five pence each in order to
satisfy future exercises of awards under the Group's share incentive schemes.

 

The EBT will thereafter hold a total of 519,557 Ordinary Shares, representing
approximately 1.05 percent of the enlarged issued share capital of the
Company.

 

Applications have been made to the Financial Conduct Authority (the "FCA") for
the admission of the New Shares to the equity shares (commercial companies)
category of the Official List of the FCA and to London Stock Exchange plc for
admission to trading of the New Shares on its main market for listed
securities (together, "Admission"). Admission is expected to become effective
at 8.00 a.m. on 22 April 2025.

 

The allotment and issue of the New Shares are conditional upon Admission
becoming effective.

 

Following Admission, the Company will have 49,246,234 Ordinary Shares in
issue. There are no Ordinary Shares held in treasury. Therefore, following
Admission the total number of voting rights in the Company will be 49,246,234
and this figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
voting rights interest, or a change to that interest, in the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

 Zotefoams plc                         +44 (0) 208 664 1600
 Ronan Cox, Group CEO
 Gary McGrath, Group CFO

 IFC Advisory (Financial PR & IR)      +44 (0) 203 934 6630
 Graham Herring

 Zach Cohen

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology
delivering optimal material solutions for the benefit of society. Utilising a
variety of unique manufacturing processes, including environmentally friendly
nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK®
high-performance foams, Zotefoams sells to diverse markets worldwide.
Zotefoams uses its own cellular materials to manufacture T-FIT® advanced
insulation for demanding industrial markets. Zotefoams also owns and licenses
patented microcellular foam technology to reduce plastic use in extrusion
applications and for ReZorce® mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites
in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam
products manufacture and conversion), Massachusetts, USA, Stilling, Denmark
(microcellular foam technology) and Jiangsu Province, China (T-FIT).

www.zotefoams.com (http://www.zotefoams.com)

AZOTE®, ZOTEK®, ReZorce® and T-FIT® are registered trademarks of Zotefoams
plc

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