FIRESCAPE/LIFESAFE STOCK ALLIGNMENT AHEAD OF IPO AND VALUATION COMMENTARY
Gibraltar Wednesday 22nd June 2022, as part of the IPO Lifesafe Holdings Plc adjusted its stock through a bonus issue whereby for if you owned one share you received a further 49 free shares. In other words, a 50 for 1 bonus. Within Premium Nominees we have already carried out a 100 for 1 split. To align members with the IPO we have decided to mirror members holdings with the Company to avoid any confusion. Therefore, this week your shares in Premium will be halved but any odd shares will be rounded up – our Gift to you …….
We have also zeroed the value for the time being until we know what the market will set the share price to be at IPO. This is normal practice for IPOs and the price will be set by the market. Currently as I am sure you will all appreciate the markets are heavily affected by the war in Ukraine and inflation. Nonetheless we are optimistic for a positive outcome. Furthermore we must all be mindful that Lifesafe is still at an early stage of its development and there is still much greater growth to come.
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