LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Raises GBP1.6 million via placing at 10 pence per share with institutional and other investors. Raises further GBP95,000 through the subscription at the same price. Further, intends to raise GBP300,000 via retail offer, also at the issue price. Total fundraise will be GBP2.0 million. Net proceeds will ensure the company has sufficient working capital to meet its existing and future liabilities, as well as to permit the board to advance business development and leverage market position.

Current stock price: 18.00 pence

12-month change: down 49%

By Jeremy Cutler, Alliance News reporter

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