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:
Zenova Group PLC
Tony Crawley, Chief Executive Officer
Don Nicolson, Non-Executive Chairman
Via Orana Corporate LLP:
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
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
A water-based fire-resistant 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 IP
Thermal insulating paint that creates a thermal barrier, provides thermal reflection of sunrays & 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 insulating 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
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.
