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IN BRIEF: LifeSafe seals placing and subscription, plans retail offer

Tue, 14th May 2024 21:41

LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Raises GBP1.6 million via placing at 10 pence per share with institutional and other investors. Raises further GBP95,000 through the subscription at the same price. Further, intends to raise GBP300,000 via retail offer, also at the issue price. Total fundraise will be GBP2.0 million. Net proceeds will ensure the company has sufficient working capital to meet its existing and future liabilities, as well as to permit the board to advance business development and leverage market position.

Current stock price: 18.00 pence

12-month change: down 49%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 May 2024 15:38

UK shareholder meetings calendar - next 7 days

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TMT Investments PLCAGM
Wednesday 29 May 
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Biome Technologies PLCAGM
Frenkel Topping Group PLCAGM
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Integrated Diagnostic Holdings PLCAGM
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Thursday 30 May 
Aferian PLCAGM
Ashtead Technology Holdings PLCAGM
Bodycote PLCAGM
Endeavour Mining PLCAGM
Ferguson PLCEGM re merger agreement
Kelso Group Holdings PLCAGM
Learning Technologies Group PLCAGM
LifeSafe Holdings PLCGM re retail offer
Mast Energy Developments PLCAGM
National World PLCAGM
One Media iP Group PLCAGM
RM Infrastructure Income PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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21 May 2024 20:21

IN BRIEF: LifeSafe raises GBP2.0 million via placing and retail offer

LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Says that its retail offer, launched May 15, was oversubscribed, raising GBP300,000 via the issue of 3.0 million shares at 10 pence each. Accordingly, it has raised total gross proceeds of approximately GBP2.0 million in aggregate by way of the placing, the subscription and the retail offer.

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16 May 2024 21:22

TRADING UPDATES: DSW eyes lower profit than expected; Mpac optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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2 May 2024 17:21

IN BRIEF: LifeSafe inks supply deal with Trinity Fire & Security

LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Inks deal with Trinity Fire & Security Systems Ltd for the supply of its new range of fire extinguishers filled with Multi-Purpose Fluid. This is designed to tackle multiple fire types, including lithium-ion battery fires. According to the contract, LifeSafe will supplyfire extinguishers on an exclusive basis in the UK. The contract is expected to generate sales of up to GBP1.3 million over a three-year period.

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2 May 2024 13:19

LifeSafe shares jump on new deal with Trinity

(Sharecast News) - Fire technology company LifeSafe announced a significant agreement with Trinity Fire & Security Systems on Thursday, involving the supply of LifeSafe's latest line of fire extinguishers filled with multi-purpose fluid, specifically designed to combat various types of fires including lithium-ion battery fires.

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30 Jan 2024 13:23

TRADING UPDATES: Comptoir meets expectations, while Luceco beats

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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16 Jan 2024 14:02

IN BRIEF: LifeSafe establishes Asia presence with Lingjack deal

LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Signs a new distribution agreement for the supply of its Thermal Runaway Fluid to Lingjack Fire and Life Saving Pty, a fire safety business located in Singapore. "The distribution agreement represents a major growth opportunity for the company, providing a new and incremental revenue opportunity, as well as expansion into a significant territory," it says. The initial stages of the exclusive agreement will see LifeSafe's Thermal Runaway Fluid solution added to Lingjack's range of fire extinguishers and fixed suppression systems across Singapore, China, Malaysia, Thailand and Indonesia.

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16 Jan 2024 10:02

AIM WINNERS & LOSERS: Eqtec jumps as EUR2.9 million loan gets approved

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Dec 2023 13:06

Lifesafe raises GBP400,000 to finance shortfall in working capital

(Alliance News) - Lifesafe Holdings PLC on Thursday said it had raised GBP400,000 through a placing and subscription of 2.5 million new shares.

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11 Dec 2023 16:10

LifeSafe launches non-toxic wildfire extinguishing product

(Alliance News) - LifeSafe Holdings PLC on Monday said it has launched a new patent pending wildfire extinguishing fluid, Wildfire Pro.

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7 Dec 2023 14:31

LifeSafe Holdings signs deals as launches fluid for battery packs

(Alliance News) - LifeSafe Holdings PLC said it launched a pre-trauma fluid proven to prevent thermal runway fires in high voltage battery packs.

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7 Dec 2023 12:47

LifeSafe unveils new battery fire products, partnerships

(Sharecast News) - Fire safety technology company LifeSafe unveiled its latest product, the Pre-Trauma Fluid (PTF), on Thursday.

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29 Nov 2023 14:25

TRADING UPDATES: Synectics announces contract win; LifeSafe revenue up

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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29 Nov 2023 12:02

LifeSafe warns on Q4 profits as costs rise

(Sharecast News) - Fire safety technology company LifeSafe reported a robust trading performance for the 11 months through November on Wednesday, although related increased costs led to it warning on fourth-quarter earnings.

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