Extension to Amati's Right to Subscribe

RNS Number : 4738I

Zenova Group PLC

19 April 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

19 April 2022

Zenova Group PLC

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

Three Month Extension to Amati Global Investors Limited's 'Right to Subscribe'  

Zenova Group PLC (AIM: ZED) , a provider of innovative fire safety and heat management technology and products, advises that it has mutually agreed with Amati Global Investors Limited ("Amati") to extend Amati's 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 per share within nine months of the Company's Admission to AIM. This right would have expired on 22 April 2022, but the three-month extension means it now expires on 22 July 2022.

Amati currently holds 3,947,368 shares in the Company, representing 4.23% of the Company's AIM Securities in issue.

For further information please contact:

Zenova Group PLC
Tony Crawley, Chief Executive Officer Don Nicolson, Non-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]
Redbine Ltd (Media Enquiries)
Paul Dulieu	Tel: [phone]    [phone] Email: [e-mail]

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 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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