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The following amendment has been made to the Placings and Open Offer announcement released on 30 April 2021 at 7.00 a.m. under RNS No 1510X.
The date underlined in the following sentence has been changed from June 2022 to 2024 within the body of the announcement: Thereafter, once production of the next generation smoke alarm has commenced, a royalty fee per product will be payable to the Company as the manufacturing partner, with a multi-million volume fee agreed for the initial thirty months, with a minimum royalty fee commitment of €3.0 million (estimated to exceed £1.0 million by 2024).
All other details remain unchanged.
The full amended text is shown below.
FireAngel s mission is to protect and save lives by making innovative, leading-edge technology 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.
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