TIDMFA.
RNS Number : 0853J
FireAngel Safety Technology Group
11 August 2023
11 August 2023
FireAngel Safety Technology Group plc
('FireAngel', the 'Company' or the 'Group')
Award of Options
and
Director shareholding
Further to the Company's announcement on 6 June 2023
("Announcement"), FireAngel (AIM: FA.), one of Europe's leading
developers and suppliers of home safety products, announces further
details of the award of options ("Options") over the Company's
ordinary shares of 2 pence each (the "Shares") to Neil Radley, the
Company's Chief Executive Officer, under its Long-Term Incentive
Plan ('LTIP'). Pursuant to the calculation set out in the
Announcement, Options over 7,263,157 Shares were awarded to Mr
Radley on 7 June 2023.
In addition, on 11 August 2023, Options over 4,264,000 Shares
were awarded to Zoe Fox, the Company's Chief Finance Officer, under
the LTIP.
The Options may be exercised at any time after 31 December 2025
("Vesting Date"), at a cost to the employee of the nominal value of
the Shares, being 2 pence per Share. The Options expire on 11
August 2033.
Vesting of the Options is dependent on a performance target,
based on total shareholder return ("TSR"). The maximum number of
Options that vest and become exercisable into Shares on the Vesting
Date is calculated as follows for the performance condition:
Share Price % of Options Vesting
Less than 6p 0%
---------------------
From 6p to 8p 25%
---------------------
Greater than 8p to
11p 50%
---------------------
Greater than 11p
to 15p 75%
---------------------
Greater than 15p 100%
---------------------
In the event of an acquisition (or equivalent) 50% shares vest
at any price up to 8.0p and 100% above 8.0p.
Following the above awards, the total interest of Mrs Fox and Mr
Radley in Shares, warrants and options over Shares is as
follows:
Number
of
Ordinary % of Interest in
Shares issued share Shares in
Name held capital LTIP Warrants
Zoe Fox 277,738 0.09% 6,607,260 94,455
----------- --------------- ------------ ---------
Neil Radley 1,889,080 0.62% 7,263,157 944,540
----------- --------------- ------------ ---------
S
For further information, please contact:
FireAngel Safety Technology Group plc 024 7771 7700
Neil Radley, Chief Executive Officer
Zoe Fox, 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 Neil Radley
------------------------------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive 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 Options over Ordinary shares of 2p each
Identification code
GB0030508757
------------------------------------------------------------- -----------------------------------------------
b) Nature of transaction Award of Options
------------------------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------------------- ----------------------------------- ----------
2p exercise price per Option 7,263,157
------------------------------------------------------------------------------------------------------ ----------
Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------- ----------------------------------------------------
e) Date of the transaction 7 June 2023
------------------------------------------------------------- -----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities / person closely associated
a) Name Zoe Fox
------------------------------------------------------------- -----------------------------------------------
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 Options over Ordinary shares of 2p each
Identification code
GB0030508757
------------------------------------------------------------- -----------------------------------------------
b) Nature of transaction Award of Options
------------------------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------------------- ----------------------------------- ----------
2p exercise price per Option 4,264,000
------------------------------------------------------------------------------------------------------ ----------
Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------- ----------------------------------------------------
e) Date of the transaction 11 August 2023
------------------------------------------------------------- -----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------- -----------------------------------------------
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END
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