Zenova Group PLC Voluntary Lock-In Extensions (1421S)
12 Julio 2022 - 01:00AM
UK Regulatory
TIDMZED
RNS Number : 1421S
Zenova Group PLC
12 July 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
12 July 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Voluntary Lock-In Extension For Directors and Founders
Zenova Group PLC (AIM: ZED), a provider of innovative fire
safety and heat management technology and products, announces that
the executive directors who hold Ordinary Shares in the Company and
the Locked-in Shareholders of the Company (as defined in the
Company's Admission Document published on 19 July 2021), which
includes the Company's founders, have entered into a new Lock-In
Agreement.
Under the new Lock-In Agreement, for a period of 12 months
following the 12 month anniversary of the Company's Admission to
AIM, the executive Directors who hold Ordinary Shares and the
Locked-in Shareholders have agreed that they will not dispose of
any of the Ordinary Shares held by them (or enter into a
transaction with the same economic effect); in each case subject to
certain limited exceptions including in the event of an intervening
court order, the death of a party who is subject to the lock-in, in
respect of an acceptance of a takeover offer for the Company which
is open to all shareholders. The new lock-in agreement runs until
July 2023.
The new Lock-in Agreement replaces various lock-in restrictions
on the various parties regarding the disposal of Ordinary Shares
after the 12 months anniversary of Admission, as detailed in
paragraph 21.8 of Part 4 of the Company's Admission Document.
Commenting on the news, Tony Crawley, CEO of Zenova Group PLC
said: "The Directors and founders of Zenova have agreed to the new
lock-in agreement as we feel it demonstrates commitment to the
Company and underlines our collective belief in the Company's
growth strategy and equity story."
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Officer Via Orana Corporate LLP:
Don Nicolson, Non-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
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-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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