REG - LifeSafe Holdings - AGM Statement

LifeSafe HoldingsAnnouncement

25/07/2024 07:00

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RNS Number : 7138X  LifeSafe Holdings PLC  25 July 2024

 For immediate release

                        25 July 2024

 

 

LifeSafe Holdings plc

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

 

AGM Statement

 

LifeSafe Holdings plc (AIM:LIFS), a fire safety technology business with
innovative fire extinguishing fluids and fire safety products, is holding its
Annual General Meeting ('AGM') today, Thursday 25 July 2024, at 9:30 a.m., at
which Dominic Berger (Chair) will make the following statement:

 

"As previously announced on 26 June 2024, earlier this year the Group evolved
its US sales model from a pure B2C to a B2B2C model, partnering with
wholesalers to improve LifeSafe's gross and net margins.  This new sales
model is performing in line with the Board's expectations.

 

Over and above our consumer sales channels, our wholesale and industrial
partnerships continue to progress well with sales of over £0.8 million
expected to be reported through these channels in the first half of 2024.

 

This operational and strategic progress has generated revenues and operating
performance slightly ahead of the Board's internal budgets for the first half
of 2024, in line with the planned journey to profitability."

 

 

For further enquiries:

 

 LifeSafe Holdings plc
 Dominic Berger, Chairman                                       info@lifesafetechnologies.com (mailto:info@lifesafetechnologies.com)
 Neil Smith, CEO
 Mike Stilwell, CFO

 Zeus (Nominated Adviser & Broker)                              Tel: +44 (0) 20 3829 5000
 David Foreman, Alexandra Campbell-Harris (Investment Banking)
 Alice Lane (Corporate Broking)

 

 

Notes to Editors

 

LifeSafe is a fire safety technology business that develops eco-friendly,
novel and innovative fire extinguishing and prevention fluids and life-saving
fire safety products.  LifeSafe has developed a market disrupting range of
eco-friendly fire safety protection products; a new patent-pending Thermal
Runaway Fluid to combat lithium battery fires by permanently extinguishing and
preventing re-ignition, and the StaySafe All-in-1, a handheld eco-friendly and
fully recyclable extinguisher which is verified to extinguish ten different
types of fire and the number one selling fire extinguisher on Amazon UK.
 LifeSafe is successfully creating new markets for the Group in fire safety
through its innovative technologies, products, digital marketing and
multi-channel sales; and is continuing to develop new fluid derivations for
applications in various industrial market sectors.

 

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.

 

For further information please visit: https://www.lifesafeholdingsplc.com
(https://www.lifesafeholdingsplc.com/)

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies
(https://www.linkedin.com/company/lifesafe-technologies)

Twitter: https://twitter.com/LifesafeT (https://twitter.com/LifesafeT)

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