Business
Annual Results For The Period Ended 30 Nov 2021
Annual Results For The Period Ended 30 Nov 2021.
About this update from Zenova Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8194I\n Zenova Group PLC\n 21 April 2022\n \n \n \n \n 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\n \n \n 21 April 2022\n \n \n Zenova Group PLC\n \n \n (\"Zenova\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Annual Results for the period ended 30 November 2021\n \n \n \n \n \n \n Zenova Group PLC (AIM: ZED)\n \n , a provider of innovative fire safety and heat management technology and products, today announces its\n results for the year ended 30 November 2021.\n \n \n \n \n \n Highlights for the period\n \n \n ·\n Loss for the year of £1.1 million mainly arising from costs of research and development, testing and certification, staff cost, and professional fees as Zenova Group Plc establishes its position in the market. \n \n \n · \n Zenova Group Plc was incorporated on 14 May 2021 and acquired the entire share capital of Zenova Limited on 20 May 2021. \n \n \n · \n On 22 July 2021 Zenova Group Plc was admitted to AIM, in conjunction with raising £4.5 million before costs. \n \n \n · \n In September 2021 Keswick Enterprises Group Ltd was appointed to distribute, warehouse, and provide logistics support for our innovative insulation products globally, and to provide a complete supply chain where required.\n \n \n · \n Announcement of newly developed Zenova WB wildfire barrier fluid (WB) in October 2021. \n \n \n ·\n Major contract secured with Spark Global Australia Pty Ltd in Victoria, Australia, a newly formed affiliate of a major Australian construction company for the supply of Zenova products in Australia with a minimum commitment of £2 million each year. Products being supplied include Zenova IR thermal insulation render (IR), Zenova IP thermal insulation paint (IP) and Zenova FP fire protection paint (FP). \n \n \n ·\n Major contract secured with a Spanish company that has become an Authorised Distributor of Zenova products and will promote and sell them to its clients in Spain, Germany, Austria, and Switzerland. The ...