Board Changes

RNS Number : 9985H

Zenova Group PLC

30 November 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

30 November 2022

Zenova Group PLC

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

Board Changes

 

Zenova enhances Executive capacity to facilitate CEO focus on near term delivery

Zenova Group PLC (AIM: ZED) , a provider of innovative fire safety and heat management technology and products, is pleased to announce that Don Nicolson, currently Non-Executive Chairman, is appointed Executive Chairman with immediate effect.

Don Nicolson has chaired the board of directors since the company was admitted to AIM in July 2021 and is now increasing his role to provide executive capacity as the business develops to meet the demand it has generated for its products, in particular supporting the management team as they focus on penetrating markets globally.  Don's many years of international experience in senior executive roles at companies such as BP will assist Zenova as it grows and expands its customer base worldwide.

Following Don's appointment, the near-term focus of the CEO will be the closing of the existing sales pipeline and delivery of increased sales in the forthcoming 12 months combined with rigorous cost management and improved brand recognition.

Dr Etrur Albani is stepping down as Executive Vice Chairman and continuing his role as a Non-Executive Director. He will continue to provide valuable insight and advice in line with his responsibilities as a Non-Executive Director.

Tony Crawley, Chief Executive of Zenova Group PLC said: " As Zenova grows and develops, I welcome the advice, assistance and wealth of experience that Don will bring in an Executive capacity to the company to help maximize the opportunities that we have worked hard to generate to date ."

Zenova Group PLC Executive Chairman, Don Nicolson, added: "Zenova has remarkable, life-changing, products and I look forward to bringing additional Executive capability to the business as we develop existing opportunities to the fullest extent, grow new markets and look to deliver rapid and sustainable sales growth."

For further information please contact:

Zenova Group PLC
Tony Crawley, Chief Executive Officer Don Nicolson, Executive Chairman	Via Orana Corporate LLP: Anthony Eastman Tel: [phone]
SPARK Advisory Partners Limited (Nominated Adviser)
Matt Davis / Adam Dawes	Tel: [phone]
SI Capital Limited (Broker)

Nick Emerson

Tel: [phone]

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-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

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 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.

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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