Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat management technology and products, announces that the executive directors who hold Ordinary Shares in the Company and the Locked-in Shareholders of the Company (as defined in the Company\u2019s
\nAdmission Document published on 19 July 2021), which includes the Company\u2019s founders, have entered into a new Lock-In Agreement.<\/p>\n
Under the new Lock-In Agreement, for a period of 12 months following the 12 month anniversary of the Company\u2019s Admission to AIM, the executive Directors who hold Ordinary Shares and the Locked-in Shareholders have agreed that they will not dispose of any of the Ordinary Shares held by them (or enter into a transaction with the same economic effect); in each case subject to certain limited exceptions including in the event of an intervening court order, the death of a party who is subject to the lock-in, in respect of an acceptance of a takeover offer for the Company which is open to all shareholders. The new lock-in agreement runs until
\nJuly 2023.<\/p>\n
The new Lock-in Agreement replaces various lock-in restrictions on the various parties regarding the disposal of Ordinary Shares after the 12 months anniversary of Admission, as detailed in paragraph 21.8 of Part 4 of the Company\u2019s Admission Document.<\/p>\n
In een reactie op het nieuws zei Tony Crawley, CEO van Zenova Group PLC:<\/strong> \u201cThe Directors and founders of Zenova have agreed to the new lock-in agreement as we feel it demonstrates commitment to the Company and underlines our collective belief in the Company\u2019s growth<\/em> <\/p>\n Voor meer informatie:<\/strong><\/p>\n
\nstrategy and equity story.\u201d<\/em><\/p>\n