Result of General Meeting and Total Voting Rights

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 up to an aggregate nominal amount of £83,536.31	7,190,948	100%	-	-%
2. To authorise the Directors generally to allot equity securities up to an aggregate nominal value of £25,060.90 on a non-pre-emptive basis	7,186,798	99.9%	4,150	0.1%
3. To specifically authorise the Directors to allot the Second Placing Shares and the Retail Offer Shares on a non-pre-emptive basis	7,186,798	99.9%	4,150	0.1%

For further enquiries:

LifeSafe Holdings plc
Dominic Berger, Chairman	[e-mail]
Neil Smith, CEO
Mike Stilwell, CFO
WH Ireland Limited - (Nominated Adviser & Broker)	Tel: [phone]
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.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT

 

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