Zenova extends Amati's right to subscribe to shares by three months

(Alliance News) - Zenova Group PLC on Monday said that it has agreed to extend Amati Global ...

Alliance News 25 July, 2022 | 12:58PM
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(Alliance News) - Zenova Group PLC on Monday said that it has agreed to extend Amati Global Investors Ltd's right to subscribe to shares by an additional three months.

Zenova is a Brentwood, England-based fire safety and thermal insulation products provider.

The company listed on London's AIM market back in July of last year at a price of 19 pence per share. Shares are currently 31% behind the initial public offering price, untraded at 15.50p each in London on Monday afternoon.

At the time of its IPO, Zenova agreed that Amati could subscribe to 6.6 million company shares at the IPO price of 19p, within nine months of its listing. This was due to expire in April 2022, but was extended to July 2022.

A further three month extension has now been agreed, allowing Amati to buy Zenova shares at 19p each until October.

Amati currently holds 3.9 million shares in Zenova, a 4.2% stake.

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Zenova Group PLC Ordinary Shares 18.00 GBX -2.70 -

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