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RNS Number : 7011O AIM 14 June 2022
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
COMPANY NAME:
LifeSafe Holdings plc
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
(INCLUDING POSTCODES) :
1 Sopwith Crescent, Wickford, Essex, England, SS11 8YU
COUNTRY OF INCORPORATION:
England and Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.lifesafeholdingsplc.com
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS
SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:
LifeSafe Holdings plc ('LifeSafe' or the 'Group') is a fire safety technology
business with innovative fire safety products.
LifeSafe has developed what the Directors believe to be market disrupting,
eco-friendly fire safety protection products to both protect (via fire
extinguishers) and detect (via carbon monoxide, smoke and heat alarms)
fires. At the centre of the Group's product range is the FER1000
extinguishing fluid, which has been developed by LifeSafe to extinguish five
different types of fire: electrical, paper, textiles, cooking oil, and petrol
and diesel. The Group's best-selling product using this patent pending
extinguishing fluid is the StaySafe 5-in-1 fire extinguisher. It was
launched on Amazon Prime in the UK in August 2021 and subsequently became
Amazon Prime's top selling fire extinguisher in the UK in the same month.
The Board believes that the fluid and its associated product range have an
international addressable market, and can save many lives and protect
properties and belongings. LifeSafe believes that Admission will enable the
Group to accelerate its growth through enhancing its profile and standing in
target markets. The Directors believe that the Group's growth will be driven
by the innovative nature of its products, which extinguish five types of fire,
and its new fluid derivatives and product launches expected in 2023.
LifeSafe will leverage the Board and Senior Management's expertise, experience
and contacts in the fire safety industry to drive value creation in the
Group. In the year ended 31 December 2021, the Group generated revenues of
£670k and a loss post taxation of £1.5 million. Since 31 December 2021,
the Group has continued to market its products in the UK and Europe and
launched them in the US and Canada earlier this year. With total sales
having increased each month LifeSafe believes that the Group has excellent
prospects.
Its main country of operations is the United Kingdom.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
and issue price to which it seeks admission and the number and type to be held
as treasury shares):
TBC ordinary shares of 1 penny each
Issue price - TBC pence
There are no shares to be held as treasury shares and there are no
restrictions as to transfer of the securities.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
Raising £TBC on Admission (through a placing of new equity)
Anticipated market capitalisation on Admission: £TBC
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
TBC %
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
(OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
NONE
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
first name by which each is known or including any other name by which each is
known):
Dominic Peter Clive Berger (Executive Chairman)
Neil Christopher Smith (Chief Executive Officer)
Michael James Stilwell (Chief Financial Officer)
The Rt. Hon. Mark Christopher Field (Senior Independent Non-Executive
Director)
Emma Elizabeth Hynes (Independent Non-Executive Director)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
name by which each is known or including any other name by which each is
known):
Before Admission After Admission
Number of Shares Percentage of issued share capital Number of Ordinary Shares Percentage of Enlarged Share Capital
Gavin Cornelius 1,892,500 10.45% TBC TBC%
Premium Nominees 1,687,550 9.32% TBC TBC%
Mr and Mrs Dipesh Subba 1,563,950 8.64% TBC TBC%
WB Nominees Limited - Walker Crips 1,210,700 6.69% TBC TBC%
EA-RS Firescape Ltd 1,041,650 5.75% TBC TBC%
Lee Ashwood 1,123,500 6.20% TBC TBC%
Dominic Berger* 933,850 5.16% TBC TBC%
* Shareholding includes 575,350 Ordinary Shares held by Capital Plus Partners
Limited, a company which is deemed to be ultimately controlled by Dominic
Berger
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
N/A
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) The current accounting reference date of the Company is 31 December.
(ii) 31 December 2021
(iii) Accounts for 6 months period ending 30 June 2022 (to be notified by 30
September 2022); Accounts for 12 months period ending 31 December 2022 (by 30
June 2023); Accounts for 6 months period ending 30 June 2023 (by 30 September
2023).
EXPECTED ADMISSION DATE:
Early July 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR
NAME AND ADDRESS OF BROKER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
Copies of the Admission Document will be available free of charge to the
public during normal business hours on any day (Saturdays, Sundays and public
holidays excepted) at the offices of WH Ireland Limited, 24 Martin Lane,
London, EC4R 0DR in accordance with the AIM Rules. The Admission Document will
also be available for download from the Group's website at
www.lifesafeholdingsplc.com
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
The QCA Corporate Governance Code, as published by the Quoted Companies
Alliance.
DATE OF NOTIFICATION:
14 June 2022
NEW/ UPDATE:
NEW
* Shareholding includes 575,350 Ordinary Shares held by Capital Plus Partners
Limited, a company which is deemed to be ultimately controlled by Dominic
Berger
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
N/A
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) The current accounting reference date of the Company is 31 December.
(ii) 31 December 2021
(iii) Accounts for 6 months period ending 30 June 2022 (to be notified by 30
September 2022); Accounts for 12 months period ending 31 December 2022 (by 30
June 2023); Accounts for 6 months period ending 30 June 2023 (by 30 September
2023).
EXPECTED ADMISSION DATE:
Early July 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR
NAME AND ADDRESS OF BROKER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
Copies of the Admission Document will be available free of charge to the
public during normal business hours on any day (Saturdays, Sundays and public
holidays excepted) at the offices of WH Ireland Limited, 24 Martin Lane,
London, EC4R 0DR in accordance with the AIM Rules. The Admission Document will
also be available for download from the Group's website at
www.lifesafeholdingsplc.com
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
The QCA Corporate Governance Code, as published by the Quoted Companies
Alliance.
DATE OF NOTIFICATION:
14 June 2022
NEW/ UPDATE:
NEW
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