REG - FireAngel SafetyTech - Award of Options and Director's Shareholdings

Fireangel Safety TechnologyAnnouncement

28/06/2024 07:15

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RNS Number : 2529U  FireAngel Safety Technology Group  28 June 2024

28 June 2024

 

FireAngel Safety Technology Group plc

('FireAngel', the 'Company' or the 'Group')

 

 Awards of Options

and

Directors' shareholdings

 

Further to its announcement of 11 August 2023 ("the "Announcement"), FireAngel
(AIM: FA.), one of Europe's leading developers and suppliers of home safety
products, announces that Zoe Fox, the Company's previous Chief Finance
Officer, waived her right to the options ("Options") over the Company's
ordinary shares of 2 pence each (the "Shares") granted to her on the same day,
and Adrian Wilding, the Company's Chief Finance Officer, and John Walsh,
Product Delivery Director and a PDMR in the Company, have today been awarded
Options over 2,842,666 Shares and Options over 1,421,334 Shares, respectively,
totalling the same amount and under the same terms as those previously issued
to Zoe Fox as set out in the Announcement.

 

The Company has been prevented from awarding these options to Adrian and John
since earlier this year due to it being in a Market Abuse Regulation (MAR)
closed periods. However, following the release earlier today, of its unaudited
final results for the year ended 31 December 2023, the Company has now been
able formally to grant the options to them.

 

Adrian and John have confirmed that they intend to sell all options that vest
to Intelligent Safety Electronics Pte. Ltd ("ISE") pursuant to the terms of
the recommended cash offer made by ISE to acquire the issued and to be issued
share capital of FireAngel not already owned or controlled by ISE (the
"Offer") as announced on 27 October 2023.

 

ENDS

For further information, please contact:

 FireAngel Safety Technology Group plc         024 7771 7700
 Neil Radley, Chief Executive Officer
 Adrian Wilding, Chief Finance Officer

 Shore Capital (Nominated adviser and broker)
 Tom Griffiths/David Coaten/Tom Knibbs         020 7408 4050

 Houston (Financial PR)
 Kate Hoare/Ben Robinson/Kelsey Traynor        0204 529 0549

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative home
safety products which are simple and accessible. FireAngel is one of the
market leaders in the European home safety products market.

FireAngel's principal products are connected smoke alarms, CO alarms, heat
alarms and accessories.  The Company has an extensive portfolio of patented
intellectual property in Europe, the US and other selected territories.
Products are sold under FireAngel's leading brands of FireAngel, FireAngel
Pro, FireAngel Specification and AngelEye.

For further product information, please visit:  www.fireangeltech.com
(https://url.avanan.click/v2/___http:/www.fireangeltech.com/___.YXAxZTpzaG9yZWNhcDphOm86ZmE1YmYxYzdmZWYxNjJkOTA1ZjdmOGQzNjQ5OWFkOGQ6Njo4NzVkOjIwNTJmNTcyMDNhMDYxMzA5NTEwZjg5OTBkZjM5ODQ5N2NiNjg4ZGNkYzI0NGUzZWNjYTYzNzJkMTAxZWM5MGM6cDpU)

      Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Adrian Wilding

 2    Reason for the notification
 a)   Position/status                                              Chief Finance Officer

 b)   Initial notification/Amendment                               Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         FireAngel Safety Technology Group plc
 b)   LEI                                                          213800NUMP6JL24PJ797
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 2p each

      Identification code

                                                                   GB0030508757
 b)   Nature of transaction                                        Award of Options

 c)   Price(s) and volume(s)                                       Price(s)                      Volume(s)
                                                                   2p exercise price per Option  2,842,666

      Aggregated information                                       N/A

      -      Aggregated volume

      -      Price
 e)   Date of the transaction                                      28 June 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

 

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