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:
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FireAngel Safety Technology Group plc
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024 7771 7700
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Neil Radley, Chief Executive
Officer
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Adrian Wilding, Chief Finance
Officer
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|
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Shore Capital (Nominated adviser and broker)
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Tom Griffiths/David Coaten/Tom
Knibbs
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020 7408 4050
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Houston (Financial PR)
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Kate Hoare/Ben Robinson/Kelsey
Traynor
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0204 529 0549
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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
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Details of the person discharging
managerial responsibilities / person closely associated
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a)
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Name
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Adrian Wilding
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2
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Reason for the
notification
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a)
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Position/status
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Chief Finance Officer
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b)
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Initial
notification/Amendment
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Initial Notification
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3
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Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
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a)
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Name
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FireAngel Safety Technology Group
plc
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b)
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LEI
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213800NUMP6JL24PJ797
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4
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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
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b)
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Nature of transaction
|
Award of Options
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
|
|
|
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2p exercise price per
Option
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2,842,666
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|
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Aggregated information
-
Aggregated volume
-
Price
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N/A
|
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e)
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Date of the transaction
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28 June 2024
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f)
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Place of the transaction
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Outside of a trading
venue
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