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Zenova Group Plc ( (GB:ZED) ) has shared an announcement.
Zenova Group PLC has successfully raised £262,500 through a placing and subscription, which will provide the company with additional working capital to support its growing order book, particularly for its FX range of extinguishers. The company is experiencing strong demand for its products both in the UK and internationally, driven by regulatory changes and a shift away from foam extinguishers containing PFAS. Zenova’s CEO, Thomas Melchior, expressed confidence in the company’s ability to meet its revenue targets and continue its growth momentum into 2026.
More about Zenova Group Plc
Zenova Group PLC specializes in the development and supply of advanced fire safety and temperature management technologies for industrial, commercial, and residential sectors. Its product portfolio includes the Zenova FP fire protection paint, Zenova IP thermal insulation paint, and the Zenova FX series of fire extinguishers, all engineered to meet the highest safety and efficiency standards in the industry.
Average Trading Volume: 3,176,822
Technical Sentiment Signal: Sell
Current Market Cap: £552.5K
See more insights into ZED stock on TipRanks’ Stock Analysis page.