TIDMZED
RNS Number : 8675B
Zenova Group PLC
07 June 2023
7 June 2023
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Notice of AGM, Placing Update, Issue of Warrants, Total Voting
Rights
Zenova Group PLC (AIM: ZED) , a provider of innovative fire
safety and heat management technology and products, announces that
it has sent notice convening the Annual General Meeting of the
Company to be held at the offices of Memery Crystal, 165 Fleet St,
London, EC4A 2DY on 28 June 2023 at 10.00am.
Placing Update and Total Voting Rights
Zenova also announces that further to its announcement on 31 May
2023 regarding a placing to raise GBP500,000 at 4 pence per share,
admission of the 12,500,000 new ordinary shares will now take place
at 8.00 a.m. on 14 June 2023.
Therefore, with effect from 14 June 2023 the total number of
voting rights in the Company is 105,884,053. As the Company holds
no shares in treasury, this figure can be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules..
Issue of Warrants and Deferred Subscription Agreement
In addition to receiving placing shares, investors participating
in the placing were granted a warrant in the ratio of one warrant
for each placing share ("Placee Warrants"). The Placee Warrants
carry an exercise price of 10 pence per ordinary share and expire
in three years from the date of issue. Placee Warrants over an
aggregate of 8,750,000 ordinary shares have been granted in
relation to the placing.
Additionally, one investor has entered into a deferred
subscription agreement with Zenova pursuant to which it has the
right to subscribe for up to an aggregate of 3,750,000 ordinary
shares at 10 pence per ordinary shares within three years from the
date of issue.
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Officer Via Orana Corporate LLP:
Don Nicolson, Executive Chairman Anthony Eastman
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
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
solutions 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
A water-based fire-protection paint that prevents ignition and
spread of fire. It can be used in commercial, industrial, and
domestic applications on a variety of materials, from wood to
metal.
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 FX500
A high-performance handheld fire extinguisher that is tested by
independent experts and adheres to the highest industry standards.
The fire extinguisher is safe to use on any type of fire, reduces
the risk of reignition once the fire has been extinguished and has
been tested to the BS 6165 standard. It boasts an efficient and
compact design, allowing for it to be dispersed from any 360deg
orientation, which ensures that the Zenova FX500 is convenient to
handle and simple to operate while providing the user with a highly
effective and fast working fire extinguisher.
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
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 WB
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 for
30+ days in dry conditions.
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
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