REG - LifeSafe Holdings - Result of General Meeting and Total Voting Rights

LifeSafe HoldingsAnnouncement

22/08/2023 10:45

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RNS Number : 0896K  LifeSafe Holdings PLC  22 August 2023

LifeSafe Holdings plc

 

("LifeSafe" or the "Company")

 

Result of General Meeting and Total Voting Rights

 

LifeSafe is pleased to announce that, at the General Meeting held earlier
today, all resolutions as set out in its notice of General meeting dated 4
August 2023 were duly passed. Accordingly, subject to Admission, the Company
has further raised gross proceeds of £346,653 pursuant to the Second Placing
having been approved by shareholders, making the combined total raised by the
Company (including the First Placing and Subscription) of £1.09 million as
announced on 3 August 2023.

 

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings given to them in the Company's announcement made at 7.00
a.m. on 3 August 2023, unless the context requires otherwise.

The Retail Offer

The Company values its shareholder base and believes that it is appropriate to
provide eligible existing retail shareholders in the United Kingdom the
opportunity to participate in the Retail Offer (as defined in the Company's
announcement at 7.00 a.m. on 3 August 2023). The Retail Offer will allow
existing retail shareholders to participate in the fundraising by subscribing
for Retail Offer Shares at the Placing Price via the Bookbuild Platform.

 

The Retail Offer announcement is expected to be made shortly after the release
of this announcement and will contain further information on how investors can
participate in the Retail Offer.

 

Admission and Total Voting Rights

Following the General Meeting held earlier today, the Company will issue
936,900 Second Placing Shares.

 

Application has been made to the London Stock Exchange for admission of the
Second Placing Shares to trading on AIM. It is expected that Admission will
become effective and dealings in the Second Placing Shares will commence on
AIM at 8.00 a.m. on 23 August 2023. The Second Placing Shares will rank pari
passu in all respects with existing ordinary shares of 1 pence each.

 

Following Admission, the total number of shares in the capital of the Company
in issue with voting rights will be 25,060,893 ordinary shares of 1 pence
each. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, LifeSafe under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Results of the meeting

Details of the results of the voting, by way of a poll vote, at the General
Meeting are set out below. Resolution 1 is an ordinary resolution and
resolutions 2 and 3 are special resolutions.

 

 Resolution                                                                     For                         Against
                                                                                Votes      % of votes cast  Votes  % of votes cast
 1. To authorise the Directors generally to allot relevant securities for cash  7,190,948  100%             -      -%
 up to an aggregate nominal amount of £83,536.31
 2. To authorise the Directors generally to allot equity securities up to an    7,186,798  99.9%            4,150  0.1%
 aggregate nominal value of £25,060.90 on a non-pre-emptive basis
 3. To specifically authorise the Directors to allot                            7,186,798  99.9%            4,150  0.1%

 the Second Placing Shares and the Retail Offer Shares on a non-pre-emptive
 basis

 

For further enquiries:

 

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

 WH Ireland Limited - (Nominated Adviser & Broker)          Tel: +44 (0) 20 7220 1666
 Chris Fielding / Darshan Patel / Isaac Hooper (Corporate)
 Fraser Marshall / Rachel Hayes / George Krokos (Broking)

 

Notes to Editors

 

LifeSafe is a fire safety technology business that develops eco-friendly,
novel and innovative fire extinguishing fluids with a range of life-saving
fire safety products.  Through its highly experienced management team,
LifeSafe is seeking to create new markets for the Group in fire safety through
new technologies, digital marketing and multi-channel sales.

 

LifeSafe has developed what the Directors believe to be a market disrupting
range of eco-friendly fire safety protection products including, launched in
December 2022, a new Thermal Runaway Fluid to combat thermal runaway in
lithium battery fires by permanently extinguishing and preventing the
re-ignition of lithium fires.  This is an evolution of the Group's core
FER1000 extinguishing fluid, for which the Group has been granted a patent in
the UK, which has been developed by LifeSafe to extinguish five different
types of fire: electrical, paper, textiles, cooking oil, and petrol and
diesel.

 

The Group launched its best-selling first generation StaySafe 5-in-1 fire
extinguisher using this fluid on Amazon Prime in the UK in August 2021.  It
subsequently became Amazon Prime's top-selling fire extinguisher in the UK in
the same month.  The StaySafe All-in-1, an evolution of the Group's core
fluid which is verified to extinguish ten different fire types, was launched
in the UK in April 2023.  StaySafe products were launched in Screwfix in
Spring 2022.

 

LifeSafe is continuing to develop new fluid derivations for the industrial
market.

 

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