Schedule One - LifeSafe Holdings PLC | RNS | Ticker

Schedule One - LifeSafe Holdings PLC

RNS Announcement

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

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END

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RNS metadata

Title: Schedule One - LifeSafe Holdings PLC
Time: 07:00:07
Date: 14 Jun 2022
Category: Capital structure
ID: 7011O