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Pin to quick picksZenova Grp Share News (ZED)

Share Price Information for Zenova Grp (ZED)

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Share Price: 1.55
Bid: 1.50
Ask: 1.60
Change: -0.10 (-6.06%)
Spread: 0.10 (6.667%)
Open: 1.65
High: 1.65
Low: 1.50
Prev. Close: 1.65
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AIM WINNERS & LOSERS: LoopUp plots AIM exit; Zenova hails marine win

Mon, 11th Mar 2024 10:12

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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GCM Resources PLC, up 32% at 9.00 pence, 12-month range 0.82p-13.00p. The company has signed a contract covering mine development works worth around USD1 billion to facilitate coal extraction at the Phulbari coal and power project in Bangladesh. The resource exploration and development company says the deal with PowerChina International Group Ltd is subject to the approval of the scheme of development for coal mining submitted to the Bangladesh government.

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Zenova Group PLC, up 32% at 2.84 pence, 12-month range 1.94p-8.00p. The London-based fire safety and heat management product developer says the Zenova FX range of 6 and 9 litre extinguishers have been approved for use in the marine industry. Zenova says this opens a USD2.4 billion market for its products. It adds: "This market is expected to grow by 8% per year to reach USD4.1 billion by 2029."

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AIM - LOSERS

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LoopUp Group PLC, down 61% at 0.80p, 12-month range 0.59p-3.70p. The cloud communications company, serving "multinational businesses", proposes a cancellation of its AIM listing. LoopUp says it needs to raise around GBP9 million which will go towards a partial repayment of a Bank of Ireland, as well as "short-term working capital needs". However, it does not believe raising these funds will be possible through public markets, noting its market capitalisation. LoopUp has a market value of GBP1.3 million. Co-Chief Executive Officers Steve Flavell and Michael Hughes say: "At this stage in our growth journey, taking the business private will provide us with the flexibility to invest in our future growth, underpinned by a significant near-term cash injection that certain private investors stand ready to make and a medium-term pathway to venture and private equity sponsorship."

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 Jul 2023 11:59

Zenova receives first products order from coatings firm Rawlins Paints

(Alliance News) - Zenova Group PLC on Thursday said it received a first order from online coatings provider Rawlins Paints Ltd, which it has also appointed a sub-distributor for Zenova.

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5 Jul 2023 10:10

Zenova says demand for fire extinguishers is accelerating deliveries

(Alliance News) - Zenova Group PLC on Wednesday said increased demand for personal fire protection through Zenova FX aerosol fire extinguishers is "accelerating" the deliveries to Zensafe Ltd.

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3 Jul 2023 10:11

Zenova announces first shipment of GBP1.2 million fire extinguishers

(Alliance News) - Zenova Group PLC on Monday announced the first shipment of 7,500 units of Zenova FX500 aerosol fire extinguishers to its German subcontractor Clastrom.

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28 Jun 2023 14:54

IN BRIEF: Zenova shuffles leaders in shift to sales from development

Zenova Group PLC - London-based fire safety and heat management technology - Makes immediate changes to board and management responsibilities, including to the chief executive officer and chair, to focus on sales efforts. "Zenova is entering the next stage of growth and is realigning operational capacity to transition from [research & development], testing and certification to sales growth and customer delivery," company explains. Tony Crawley steps down from board and as CEO to become sales project director. Chief Financial Officer Thomas Melchior is promoted to interim CEO, and Farakh Farid is brought in as a non-board CFO. Don Nicholson steps back to non-executive chair from executive, and Fiona Rodford is brought in as executive vice-chair.

Read more
21 Jun 2023 15:43

UK shareholder meetings calendar - next 7 days

Thursday 22 June 
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Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
boohoo Group PLCAGM
Braime Group PLCAGM
Card Factory PLCAGM
Ergomed PLCAGM
Falcon Oil & Gas LtdAGM
Futura Medical PLCAGM
Good Energy Group PLCAGM
Grand Vision Media Holdings PLCAGM
Longboat Energy PLCAGM
MaxRets Ventures PLCAGM
Pathfinder Minerals PLCAGM
RBG Holdings PLCAGM
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Team17 Group PLCAGM
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Friday 23 June 
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Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
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Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
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Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
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Surface Transforms PLCAGM
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NB Distressed Debt Investment Fund LtdAGM
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RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
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St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
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Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
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Zenova Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
19 Jun 2023 11:53

IN BRIEF: Zenova says insulation paint adopted by Melin Homes

Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Says Melin Homes has adopted its IP insulation paint. Adds that Melin, which provides over 4,500 affordable homes in Wales, has undertaken its first project in Newport using Zenova's product on internal walls and ceilings, following Zenova's recent results and testing.

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7 Jun 2023 09:27

IN BRIEF: Zenova delays admission of placing shares until next week

Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Says admission of 12.5 million new shares will now take place on Wednesday next week, following placing which raised GBP500,000 on Friday last week. It previously expected admission of shares onto AIM in London on Tuesday. Zenova intends to use the proceeds as general working capital as it continues progressing its growth strategy.

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2 Jun 2023 14:35

IN BRIEF: Zenova raises GBP500,000 via placing to boost capital

Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Says it has raised GBP500,000 in gross proceeds through placing 12.5 million shares at 4 pence per share. Upon receipt of the proceeds the company will have around GBP700,000 in cash resources. It also has access to a GBP350,000 working capital loan under which no funds have yet been drawn down. Zenova intends to use the proceeds as general working capital as it continues progressing its growth strategy. It has applied for the shares to trade on AIM, and admission is expected on or around Tuesday next week.

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31 May 2023 14:20

Zenova tightens belt as loss widens after "challenging year"

(Alliance News) - Zenova Group PLC on Wednesday reported a widened annual loss and "lower than expected" revenue

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16 May 2023 17:31

TRADING UPDATES: Zenova inks order; Seeing Machines in Raytheon deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
10 May 2023 12:27

Zenova shares up as study proves efficacy of thermal insulation paint

(Alliance News) - Zenova Group PLC on Wednesday saw shares rise, after successfully concluding its collaboration with Liverpool John Moores University.

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10 May 2023 10:56

AIM WINNERS & LOSERS: Unbound plummets after Marwyn pulls investment

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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18 Apr 2023 12:57

Zenova receives first order for FX500 fire extinguishers from Zensafe

(Alliance News) - Zenova Group PLC on Tuesday said it has received a first order from one of its UK sub-distributors Zensafe Ltd for the FX500 aerosol fire extinguisher, for the latter's account with Amazon.com Inc.

Read more
28 Mar 2023 14:30

TRADING UPDATES: Clontarf Energy agrees joint venture with NEXT-ChemX

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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6 Feb 2023 16:15

Zenova selects Viridis as Polish sub-distributor with GBP21,000 order

(Alliance News) - Zenova Group PLC on Monday said it has chosen Viridis Group Ltd as one of its sub-distributors in Poland, with an immediate initial stock order of GBP21,000.

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