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

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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%

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