LifeSafe Holdings PLC - Essex, England-based fire safety technology business - Raises £1.2 million through a placing, subscription and retail offer. 2.6 million placing shares, 378,378 subscription shares and 315,090 retail offer shares have been or will be issued at a price of 37 pence each. Placing and subscription were originally announced on August 3, with the retail offer originally announced on Tuesday. Proceeds will be allocated towards stock procurement and bolstering general working capital.

‘We are grateful for the support of both new and existing shareholders, whose investment will be used to exploit the business opportunity in front of us for the rest of 2023. A warm welcome to our new shareholders joining us. We remain confident that in 2023 we will reach the profitability inflection point on a monthly basis and are looking forward to further scale in 2024,’ comments Chair Dominic Berger.

Current stock price: 41.50 pence, up 3.8% in London on Friday

12-month change: down 19%

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