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REG - AIM LifeSafe Holdings - Schedule One Update - LifeSafe Holdings PLC

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RNS Number : 0057R  AIM  01 July 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):

 22,108,500 ordinary shares of 1 penny each

 Issue price - 75 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 £3 million on Admission (through a placing of new equity)

 Anticipated market capitalisation on Admission:  £16.58 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 47.06%

 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         12.30%                              1,892,500                  8.56%
 Premium Nominees                     1,687,550         10.96%                              1,687,550                  7.63%
 Mr and Mrs Dipesh Subba              1,563,950         10.16%                              1,563,950                  7.07%
 WB Nominees Limited - Walker Crips   1,210,700         7.87%                               1,473,366                  6.66%
 Intrinsic Capital LLP                -                 -                                   1,333,333                  6.03%
 Meridian Capital International Fund                                                        1,136,750                  5.14%

                    -                 -
 Lee Ashwood                          1,123,500         7.30%                               1,123,500                  5.08%
 EA-RS Firescape Ltd                  1,041,650         6.77%                               1,041,650                  4.71%
 Premier Fund Managers Limited        -                 -                                   1,000,000                  4.52%
 Coenda Health and Food Co. Ltd       -                 -                                   936,750                    4.24%
 Dominic Berger*                         933,850        6.07%                               933,850                    4.22%
 HMorris & Co Ltd                    476,250           3.09%                               476,250                    2.15%

 

 * 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:

 6 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:

 1 July 2022

 NEW/ UPDATE:

 UPDATE

 

* 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:

 

6 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:

 

1 July 2022

 

NEW/ UPDATE:

 

UPDATE

 

 

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