Deal alert: Zenova Group plc
PKF supports admission to AIM
We are delighted to have supported Zenova Group plc on their admission to trading on AIM.
In conjunction with, and conditional on, Admission, Zenova has successfully raised gross proceeds of £4.5 million by a placing of ordinary shares at a placing price of 19p per share. Upon Admission, the market capitalisation of the Company will be approximately £17.74 million.
Zenova Group plc was founded in January 2020, bringing cutting edge innovation to the world of fire safety and insulation. The proceeds raised will be used to manufacture products and establish inventory levels, accelerate the Group’s R&D programme, expand the certification and independent testing programme, for marketing and operational expenses and to support working capital.
“Listing on AIM can be a challenging process for a young and fast-growing company. This is why we chose to work with an experienced Reporting Accountant who would not only assist us through the whole process but with whom we could cultivate a long lasting and, most importantly, trustworthy professional relationship. We are pleased with the support provided by PKF`s Capital Markets team and look forward to working with PKF in the future as the Zenova Group develops its growth from its innovative and cost-effective products in the fire protection and thermal insulation spaces.”
Thomas Melchior CFO | Zenova Group plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf.