6th Jul 2022 15:42
LifeSafe Holdings PLC - fire safety technology firm - Commences trading on London's AIM market, through the raising of GBP3 million via a placing of 4.0 million shares at 75 pence each.
On admission, LifeSafe will have a 22.1 million shares issued overall, a free float of 53% and a market capitalisation of GBP16.6 million on admission.
Proceeds from the IPO will go towards allowing the group to accelerate its growth by increasing its standing in target markets.
"The support that we have received from investors has been extremely encouraging and we are delighted to be joining AIM, which is a significant milestone in the evolution of our business. The board joins me in welcoming all of our new shareholders," says Chief Executive Officer Neil Smith.
"We firmly believe that that every home should have our simple to use and highly effective StaySafe 5-in-1 fire extinguisher to protect life and property. We are already making good progress in creating and meeting increasing demand for our life saving products both via our international multi-channel sales strategy, which initially targets the consumer market via digital channels, and through wholesale and industrial channels," Smith adds.
Current stock price: 77.50 pence
By Dayo Laniyan; [email protected]
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Related Shares:
Lifesafe Hldg