Fireangel Regulatory News (FA.)

 6 June 2023

FireAngel Safety Technology Group plc

('FireAngel', the 'Company' or the 'Group')

 Directorate Changes

FireAngel (AIM: FA.), a leading developer and supplier of home safety products, announces that John Conoley has resigned with immediate effect as a director of the Company and that Andrew Blazye and Neil Radley have been appointed as Non-Executive Chair and Chief Executive respectively with effect from [7] June 2023.

Andrew Blazye brings a wealth of experience to the Board. He is currently the Executive Chair of Aryza Group Limited, the provider of insolvency and loan management software products to the financial services sectors in the UK, Europe, Canada and Australia. Previously, amongst other roles, Andrew was the Executive Chair of Universe Group plc, an AIM quoted provider of transaction products and services to the retail industry, which was sold in January 2022 to Inform Information Systems Limited for £33.1 million which represented a premium of 129 per cent, to the Universe share price on the business day preceding the announcement of the sale. For more than 12 years, Andrew was a member of the global executive team at FLEETCOR, a US Fortune 500 speciality payments business. As European CEO, he set up the FLEETCOR business in Europe.

Neil Radley has over 20 years' experience in the finance, retail and technology sectors. He was previously the CEO of Universe Group plc, an AIM quoted provider of transaction products and services to the retail industry, which was sold in January 2022 to Inform Information Systems Limited for £33.1 million which represented a premium of 129 per cent, to the Universe share price on the business day preceding the announcement of the sale. Previously, he was Chair and CEO of Jaja Finance Limited, a fintech company providing digital and physical credit cards, guiding them through the creation and launch of the UK business and subsequent purchase of the Bank of Ireland UK card portfolio. Neil has previously held several senior roles at Barclays Bank in their Barclaycard division both in the UK and Europe. He qualified as an accountant with PwC.

Further information in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies on Andrew Blazye and Neil Radley is set out at the end of this announcement.

Simon Herrick, Senior Independent Director of FireAngel, said: "We are pleased to welcome Andrew and Neil to the Board and look forward to working with them as we continue to deliver on our strategy. They bring a range of experience and skills spanning multiple sectors and both will be valuable additions. On behalf of the Board, I would like to thank John for his contribution to FireAngel and wish him well for the future."

ENDS

For further information, please contact:

Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies)

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointments of Andrew Robert Blazye, aged 64, or of Neil Andrew Radley, aged 59. Neither Mr Blazye nor Mr Radley holds any beneficial interest in the Company's share capital.

Andrew Blazye

Neil Radley

 Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative 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