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FA. Fireangel Safety Technology Group Plc

7.25
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fireangel Safety Technology Group Plc LSE:FA. London Ordinary Share GB0030508757 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.25 GBX

Fireangel Safety Technol... (FA.) Latest News

Fireangel Safety Technol... (FA.) Discussions and Chat

Fireangel Safety Technol... Forums and Chat

Date Time Title Posts
02/10/202408:41FireAngel Safety Technology (formerly Sprue Aegis)911

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Fireangel Safety Technol... (FA.) Most Recent Trades

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Fireangel Safety Technol... (FA.) Top Chat Posts

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Posted at 02/10/2024 08:41 by oldham45
Hope someone can throw some light on this for me please. I hold shares that are idle in the share account and with the delisting, how does this affect my ability to re coup the value. Do I have to sit on them for the foreseeable, or other options.
Posted at 16/7/2024 13:29 by tiswas
Thanks guys. iDealing have not credited me with the funds for a small number of warrants I hold so I will chase them for that.

I wonder if we will see FA relisted in a few years time?
Posted at 16/7/2024 12:12 by tanneg
ii paid my share proceeds on 28/6 and warrants on 2/7
Posted at 16/7/2024 12:04 by harrogate
Yes got all my share money in various accounts. Didn't have warrants
Posted at 30/5/2024 18:21 by gnnmartin
I believe that the warrants get 4.4p each, being the 7.4p offer price for shares, less the 3p strike price of the warrants.

Not sure whether you need to do anything to get the warrant money, I don't expect so, but nudge my broker in case he needs the nudge.
Posted at 28/3/2024 16:34 by the big fella
Well I managed to lose about 250k on the way down here so I am in no position to comment. You pays your price you takes your chance. At least I have managed to offset a few capital gains over the last couple of tax years. An unmitigated disaster which I called wrong pretty much from when I reinvested.
Posted at 23/11/2023 15:33 by gnnmartin
Thanks for the warrant update. Very fair.

Billy, I think you can accept for the warrants and not for the shares, but I think it unlikely that the shares will remain listed. Most likely is that the more than 90% of shares accept the offer, in which case Siterwell will compulsorily purchase the remaining shares.

If Siterwell get less than 90% acceptances, then they might abandon the bid, in which case no shares or money changes hands.

Or if Siterwell get less than 90% but more than (IIRC) 50%, they might go unconditional, in which case those shares & warrants that have been offered will be bought, and those that haven't will remain with the current holder.

In that last case, and just possibly in the first too, it is possible that Siterwell will just run .FA with the remaining shareholders in place. If they do that, it is likely they will delist the shares.
Posted at 27/10/2023 13:17 by eezymunny
With a scheme of arrangement they'd only need 75% and Ademco would be irrelevant. Best guess it's that they've agreed something with Ademco but they only bought their stake a short while ago and the share price was a fair bit higher then.

Could be there's a bit more to come, or the whole thing falls apart. Normally I'm quite good at buying (or not) these situations, but this one hard to call IMO.
Posted at 27/10/2023 06:02 by bigbigdave
The Boards of Intelligent Safety Electronics Pte. Ltd ("ISE") and FireAngel Safety Technology Group plc ("FireAngel") are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer to acquire the issued and to be issued share capital of FireAngel not already owned or controlled by ISE (the "Offer"). ISE is a company incorporated in Singapore and wholly-owned by Siterwell Electronics Co., Ltd ("Siterwell"), a leading manufacturer of intelligent security protection for life and property which utilises an advanced smart security ecosystem technology. ISE currently holds approximately 17.46 per cent. of the issued ordinary shares of FireAngel Safety Technology Group plc.

Under the terms of the Offer, the shareholders of FireAngel ("FireAngel Shareholders") will be entitled to receive:

7.40 pence per share in cash for each FireAngel Share

ยท The Offer of 7.40 pence per share in cash for each FireAngel Share (the "Offer Price") values the total issued and to be issued share capital of FireAngel at approximately £27.68 million.
Posted at 25/4/2023 11:34 by billybunter1970
I think the problem with a takeover is back when the share price was £3.25 there were ~45m share in issue, giving a market cap of £135.5m. With the dilution of the past few years, shares in issue is now 181m, this would give a peak share price of £0.75.

I suspect most of the major shareholders would be reluctant to sell much lower than a 50% discount on what they could have had 5 or so years ago. I think they will hold out for an offer > £0.50 / share.

As soon as the measures introduced by the CEO kick in and the figures start to look positive, FA will sky rocket again. At the moment its all just words.
Fireangel Safety Technol... share price data is direct from the London Stock Exchange

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