Business
Placing, Subscription and Trading Update
Zenova Group PLC announced a £262,500 fundraise through a placing and subscription of 131,250,000 new ordinary shares at £0.20 per share, along with 1-for-1 warrants exercisable at £0.40 within 24 months. The funds will support the company's growing order book, particularly for its FX range of fire extinguishers. The company achieved its first-month target of 1,000 FX extinguisher unit orders, driven by strong UK demand due to regulatory changes phasing out PFAS-containing foam extinguishers. International sales are also growing, with deliveries to the Czech Republic. Following the fundraise, the total voting rights increased to 371,475,973 shares, with CEO Thomas Melchior holding a 6.7% stake after subscribing for 25,000,000 shares. The placing shares will be admitted to trading on AIM around August 28, 2025. Disclaimer*
About this update from Zenova Group Plc
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).\n \n22 August 2025\n \n \nZenova Group PLC\n(\"Zenova\", the \"Company\" or the \"Group\")\n \nPlacing, Subscription and Trading Update\n \n \nHIGHLIGHTS\n· Placing and subscription raising £262,500 at 0.20p per share, plus 0.4p warrants\n· Funds raised to provide additional growth capital to match growing order book\n· Company experiencing strong demand for core products in the UK and internationally\n· Management increasingly confident of immediate outlook and into 2026 and beyond\n \nCommenting on the update, Thomas Melchior, CEO of Zenova, said:\n\"We are very pleased with the strong start to our FX extinguisher sales, particularly in the UK where regulatory changes are driving demand for safer, more effective fire safety solutions. Achieving our first-month target of 1,000 fire extinguisher units orders demonstrates both the quality of our products and the trust our customers place in Zenova.\nThe funds raised through this placing will provide the working capital needed to support our expanding order book and international growth. We are confident that Zenova is well positioned to deliver on our revenue targets for this year and continue building momentum into 2026.\"\n \nFundraise\nZenova Group PLC (AIM: ZED), a global provider of fire safety and heat management technology solutions, is pleased to announce that the Company, through its corporate broker Peterhouse Capital Limited (\"Peterhouse\"), has conditionally raised gross proceeds of £262,500 via a placing and subscription (the \"Fundraise\") of 131,250,000 new ordinary shares at a price of 0.20 pence per share (\"Fundraise Shares\"). The Fundraise was undertaken with the support of existing shareholders, new institutional investors and several new high net worth investors.\nThe Fundraise will provide the Company with additional working capital to support its growing order book, particularly for its FX range of extinguishers.\nAs part of the Fundraise, warrants have been issued on a 1-for-1 basis, allowing new investors to subscribe for...