FA..L

FireAngel Safety Technology Group plc
FireAngel SafetyTech - Award of Options and Director's Shareholdings
28th June 2024, 06:01
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2529U
FireAngel Safety Technology Group
28 June 2024
 

28 June 2024

 

FireAngel Safety Technology Group plc

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

 

 Awards of Options

and

Directors' shareholdings

 

Further to its announcement of 11 August 2023 ("the "Announcement"), FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that Zoe Fox, the Company's previous Chief Finance Officer, waived her right to the options ("Options") over the Company's ordinary shares of 2 pence each (the "Shares") granted to her on the same day, and Adrian Wilding, the Company's Chief Finance Officer, and John Walsh, Product Delivery Director and a PDMR in the Company, have today been awarded Options over 2,842,666 Shares and Options over 1,421,334 Shares, respectively, totalling the same amount and under the same terms as those previously issued to Zoe Fox as set out in the Announcement.

 

The Company has been prevented from awarding these options to Adrian and John since earlier this year due to it being in a Market Abuse Regulation (MAR) closed periods. However, following the release earlier today, of its unaudited final results for the year ended 31 December 2023, the Company has now been able formally to grant the options to them.

 

Adrian and John have confirmed that they intend to sell all options that vest to Intelligent Safety Electronics Pte. Ltd ("ISE") pursuant to the terms of the recommended cash offer made by ISE to acquire the issued and to be issued share capital of FireAngel not already owned or controlled by ISE (the "Offer") as announced on 27 October 2023.

 

ENDS 

For further information, please contact:

FireAngel Safety Technology Group plc

024 7771 7700

Neil Radley, Chief Executive Officer


Adrian Wilding, Chief Finance Officer




Shore Capital (Nominated adviser and broker)


Tom Griffiths/David Coaten/Tom Knibbs

020 7408 4050



Houston (Financial PR)


Kate Hoare/Ben Robinson/Kelsey Traynor

0204 529 0549



 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

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

Details of the person discharging managerial responsibilities / person closely associated

a)

 

 

Name

Adrian Wilding

2

Reason for the notification

a)

 

 

Position/status

Chief Finance Officer

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

FireAngel Safety Technology Group plc

b)

LEI

213800NUMP6JL24PJ797

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

 

Options over ordinary shares of 2p each

 

GB0030508757

b)

Nature of transaction

Award of Options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)



2p exercise price per Option

 

2,842,666

 


Aggregated information

-      Aggregated volume

-      Price

N/A

 

e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside of a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFDLLLZQLXBBV]]>
TwitterFacebookLinkedIn