S&P 500 slips on report Fed’s Waller leading race to replace Powell; tech shines
LONDON - Zenova Group PLC (AIM: ZED), known for its fire suppression and temperature management technologies, has announced a forthcoming general meeting to be held at 160 Camden High Street, London, on March 31, 2025, at 11:00 am. The meeting will address proposed resolutions concerning the directors’ authority to allot shares and grant rights.
The first resolution, classified as ordinary, seeks to grant directors the power to allot shares or rights up to a nominal amount of £200,000. This authority would commence from the resolution’s passing and expire at the next annual general meeting or 15 months post-resolution, whichever comes first. The company maintains the right to commit to an agreement that may require share allotment after this period, allowing directors to honor such commitments.
Additionally, two special resolutions are set to be proposed. The second resolution aims to ratify and approve the issue and allotment of ordinary shares at a nominal value of £50,000, which was part of a placing announced on February 21, 2025. The third resolution, contingent on the first’s approval, would empower directors to allot equity securities for cash as if certain statutory pre-emption rights did not apply. This power is limited to specific allotments, including those offered proportionately to ordinary shareholders and others up to an aggregate nominal value of £200,000. This authority is also set to expire at the next annual general meeting or 15 months after the resolution’s passing.
The announced general meeting and its resolutions are part of Zenova’s corporate governance and strategic financing activities, as the company continues to navigate its position in the market. This information is based on a press release statement from Zenova Group PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.