TIDMFA.
RNS Number : 1789Z
FireAngel Safety Technology Group
19 May 2021
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR") AND THE RETAINED
UK LAW VERSION OF MAR PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU
EXIT) REGULATIONS 2019 (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF
SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION
TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN FIREANGEL
SAFETY TECHNOLOGY GROUP PLC IN ANY JURISDICTION IN WHICH ANY SUCH
OFFER OR SOLICITATION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE
UNITED STATES. THE SECURITIES DISCUSSED HEREIN HAVE NOT BEEN AND
WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS
AMENDED (THE "US SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM
REGISTRATION UNDER THE US SECURITIES ACT. NO PUBLIC OFFERING OF THE
SECURITIES DISCUSSED HEREIN IS BEING MADE IN THE UNITED STATES.
19 May 2021
FireAngel Safety Technology Group plc
('FireAngel', the 'Company' or the 'Group')
Result of Open Offer and Conditional Placing
Directors' Dealings
and
Total Voting Rights
Result of Open Offer and Conditional Placing
Further to its announcement of 30 April 2021 (the
'Announcement'), FireAngel Safety Technology Group plc (AIM: FA.),
a leading developer and supplier of home safety products ,
announces the result of the Open Offer to Qualifying
Shareholders.
Valid acceptances have been received from Qualifying
Shareholders in respect of 23,656,538 Open Offer Shares. This
represents approximately 61.7 per cent. of the Open Offer Shares
available under the Open Offer which, at the Issue Price, has
raised approximately GBP4.26 million.
As detailed in the Announcement, under the terms of the Placing
Agreement the number of Conditional Placing Shares will be scaled
back to 14,694,627 New Ordinary Shares, which, at the Issue Price,
has raised approximately GBP2.65 million for the Company.
A further 16,093,279 Firm Placing Shares are to be issued,
which, at the Issue Price, has raised approximately GBP2.9 million
for the Company.
Subject to the admission to trading on AIM of the 54,444,444 New
Ordinary Shares ('Admission'), the Company will have raised a total
of approximately GBP9.8 million (before expenses) as a result of
the Fundraising.
Admission and Total Voting Rights
It is expected that Admission will become effective and that
dealings in the New Ordinary Shares will commence at 8.00 a.m. on
20 May 2021. The New Ordinary Shares will rank pari passu with the
Existing Ordinary Shares. Following Admission, the Company's issued
share capital will comprise 181,003,289 Ordinary Shares carrying
voting rights. 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 in their
interests in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Directors' Dealings
Further to the Announcement, due to the clawback of Conditional
Placing Shares under the Open Offer, each of Zoe Fox (Chief
Financial Officer), Jon Kempster (Non-Executive Director), Glenn
Collinson (Non-Executive Director) and Graham Whitworth
(Non-Executive Director) and his wife will be issued with 31,417,
31,417, 62,832 and 94,239 Placing Shares respectively in respect of
their subscriptions in the Placing.
In addition, John Conoley (Executive Chairman) and his wife
subscribed in full for their Open Offer Entitlements and for Excess
Open Offer Entitlements being, in aggregate, 181,211 Open Offer
Shares.
As a result, the Directors' resulting shareholdings immediately
following Admission are detailed below:
Director Current % of Existing Placing Shareholding % of Enlarged
shareholding Ordinary or Open on Admission Share Capital
Shares Offer
Shares
John Conoley* 424,355 0.34% 181,211 605,566 0.33%
Zoe Fox - - 31,417 31,417 0.02%
Jon Kempster - - 31,417 31,417 0.02%
Glenn Collinson - - 62,832 62,832 0.03%
Graham Whitworth* 3,636,542 2.87% 94,239 3,730,781 2.06%
Simon Herrick - - - - -
*and his wife
Capitalised terms in this announcement have the same meaning as
given in the Announcement.
For further information, please contact:
FireAngel Safety Technology Group plc 024 7771 7700
John Conoley, Executive Chairman
Zoe Fox, Chief Financial Officer
companysecretary@fireangeltech.com
Shore Capital (Nominated adviser and
joint broker) 020 7408 4050
Tom Griffiths/David Coaten
N+1 Singer (Joint broker)
Rick Thompson/Alex Bond 020 7496 3000
Houston (Financial PR) 0204 529 0549
Kate Hoare/Laura Stewart
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect and save lives by making
innovative, leading-edge home safety products which are simple and
accessible. FireAngel is one of the market leaders in the European
home safety products market.
FireAngel's principal products are connected smoke alarms, CO
alarms, heat alarms and accessories. The Company has an extensive
portfolio of patented intellectual property in Europe, the US and
other selected territories. Products are sold under FireAngel's
leading brands of FireAngel, FireAngel Pro, FireAngel Specification
and AngelEye.
For further product information, please visit:
www.fireangeltech.com
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