Business
Notice of AGM, Placing Update, Warrant Issue, TVR
Notice of AGM, Placing Update, Warrant Issue, TVR.
About this update from Zenova Group Plc
[{"type":"text","content":"\n\n7 June 2023\nZenova Group PLC\n(\"Zenova\", the \"Company\" or the \"Group\")\n \nNotice of AGM, Placing Update, Issue of Warrants, Total Voting Rights\n \nZenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat management technology and products, announces that it has sent notice convening the Annual General Meeting of the Company to be held at the offices of Memery Crystal, 165 Fleet St, London, EC4A 2DY on 28 June 2023 at 10.00am.\n \nPlacing Update and Total Voting Rights\n \nZenova also announces that further to its announcement on 31 May 2023 regarding a placing to raise £500,000 at 4 pence per share, admission of the 12,500,000 new ordinary shares will now take place at 8.00 a.m. on 14 June 2023.\n \nTherefore, with effect from 14 June 2023 the total number of voting rights in the Company is 105,884,053. As the Company holds no shares in treasury, this figure can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules..\n \nIssue of Warrants and Deferred Subscription Agreement\n \nIn addition to receiving placing shares, investors participating in the placing were granted a warrant in the ratio of one warrant for each placing share (\"Placee Warrants\"). The Placee Warrants carry an exercise price of 10 pence per ordinary share and expire in three years from the date of issue. Placee Warrants over an aggregate of 8,750,000 ordinary shares have been granted in relation to the placing.\n \nAdditionally, one investor has entered into a deferred subscription agreement with Zenova pursuant to which it has the right to subscribe for up to an aggregate of 3,750,000 ordinary shares at 10 pence per ordinary shares within three years from the date of issue.\n \nFor further information please contact:\n\n\n\n\nZenova Group PLC\n\n\n\n\nTony Crawley, Chief Executive Officer\nDon Nicolson, Executive Chairman\n \n\n\nVia Orana Corporate LLP:\nAnthony Eastman\nTel: +44 20 3475 6834\n \n\n\n\n\nSPARK Advisory Partners Limited (Nominated Adviser)\n\n\n\n\nMatt Davis / Adam Dawes\n \n\n\nTel: +44 20 3368 3550\n\n\n\n\nSI Capital Limited (Broker)\n\n\n\n\nNick Emerson\n&...