IN BRIEF: Zenova says reverse takeover progressing, expects May update

Zenova Group PLC - Essex, England-based fire suppression and interdiction solutions company - Says the proposed reverse takeover "remains ongoing" and "continues to progress well". Back in September, it entered a non-binding heads of terms to acquire Derby, England-based Restoreo International Ltd. Restoreo is a recently formed UK business, with certified products and intellectual property in the insulation materials industry. Zenova expects to provide a further update by mid-May 2026, by which time it expects the majority of due diligence and documentation "will be close to near-final form". Zenova's shares remain suspended from trading on the AIM market, pending publication of the admission document.

Current stock price: 0.21 pence

12-month change: down 12%

By Michael Hennessey, Alliance News reporter

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