TIDMMSYS
RNS Number : 5108B
Microsaic Systems plc
14 February 2022
14 February 2022
Microsaic Systems plc
("Microsaic" or the "Company")
Director Dealing, Issue of Equity and Total Voting Rights
Microsaic Systems plc (AIM: MSYS), the developer of point of
need mass spectrometry ("MS") instruments, announces that it will
issue 85,000,000 ordinary shares in the Company (the "Fee Shares")
to certain of the Company's directors in respect of their annual
remuneration for their second year of service, paid in advance, as
outlined in the Company's announcement of 19 January 2021.
In addition, the Company received notice from Dr Nigel Burton,
Non-Executive Director of the Company of his intention to exercise
warrants ("Warrants") relating to 200,000,000 ordinary shares,
reflecting an investment of GBP200,000 in the Company. The Warrants
were granted in conjunction with the fundraise completed by the
Company in February 2021 (the "Fundraise") at an exercise price of
0.1p, being the Fundraise issue price.
Gerry Brandon, Non-executive Chairman of Microsaic Systems,
commented:
"The exercise of warrants and investment of GBP200,000 by Dr.
Nigel Burton, Non-executive Director, and our receipt of share
based remuneration in lieu of our respective salaries for the
second year, represent a strong signal of our full support for
Microsaic and the commercial potential to come from its
under-exploited technology. It also reflects our continuing belief
in the quality of the Microsaic team, whose capabilities and
expertise continue to impress."
Application has been made to the London Stock Exchange for
285,000,000 ordinary shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will occur at 8.00 am.
on or around 17 February 2022.
Director Position Annual Remuneration Number of Number Number % of issued
Fee Shares of Ordinary of Ordinary share capital
to be issued Shares Shares held on Admission
issued held on
pursuant Admission
to Warrants
exercised
Gerard Non-Executive
Brandon Chairman GBP50,000 50,000,000 - 190,000,000 2.99
--------------- -------------------- ------------- ------------- ------------- ------------------
Non-Executive
Nigel Burton Director GBP35,000 35,000,000 200,000,000 300,500,000 4.72
--------------- -------------------- ------------- ------------- ------------- ------------------
Total voting rights
Following Admission, the Company will have 6,361,365,146
ordinary shares in issue. The Company does not hold any shares in
treasury. Therefore, from Admission, the total voting rights in the
Company will be 6,361,365,146.
From Admission, the figure of 6,361,365,146 may be used by
shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, the share capital of the
Company pursuant to the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries:
Microsaic Systems plc
Glenn Tracey, CEO +44 (0)1483 751 577
Singer Capital Markets
(Nominated Adviser & Joint Broker) +44 (0)20 7496 3000
Aubrey Powell / Tom Salvesen / George
Tzimas
Turner Pope Investments (TPI) Limited
(Joint Broker)
Andy Thacker / James Pope +44 (0) 20 3657 0050
About Microsaic
Microsaic develops and commercialises globally micro-engineering
chip-based mass spectrometry equipment. Microsaic has a robust
patent portfolio in cutting-edge technology purpose built for
"Industry 4.0" which enables analytical detection and
characterisation at the point-of-need: whether within a human
health environment; conventional laboratory setting; within a
bioprocessing facility for continuous mass spectrometer detection
and monitoring of data at any step in the process workflow; or in
front-line environmental monitoring.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gerard Brandon
-------------------------- ------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Microsaic Systems plc
-------------------------- ------------------------------------
b) LEI 213800P1VXZSD3US5N79
-------------------------- ------------------------------------
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 Ordinary shares of 0.01 pence each
financial instrument,
type of instrument
GB00B547ZY09
Identification code
-------------------------- ------------------------------------
b) Nature of the transaction Issue of Ordinary Shares in lieu of
annual remuneration (Fee Shares)
-------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.1 pence 50,000,000
-----------
-------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ------------------------------------
e) Date of the transaction 11 February 2022
-------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr Nigel Burton
-------------------------- ------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Microsaic Systems plc
-------------------------- ------------------------------------
b) LEI 213800P1VXZSD3US5N79
-------------------------- ------------------------------------
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 Ordinary shares of 0.01 pence each
financial instrument,
type of instrument
GB00B547ZY09
Identification code
-------------------------- ------------------------------------
b) Nature of the transaction Issue of Ordinary Shares in lieu of
annual remuneration (Fee Shares)
-------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.1 pence 35,000,000
-----------
-------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ------------------------------------
e) Date of the transaction 11 February 2022
-------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr Nigel Burton
-------------------------- -------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Microsaic Systems plc
-------------------------- -------------------------------------
b) LEI 213800P1VXZSD3US5N79
-------------------------- -------------------------------------
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 Ordinary shares of 0.01 pence each
financial instrument,
type of instrument
GB00B547ZY09
Identification code
-------------------------- -------------------------------------
b) Nature of the transaction Issue of Ordinary Shares pursuant to
exercise of warrants
-------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.1 pence 200,000,000
------------
-------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -------------------------------------
e) Date of the transaction 11 February 2022
-------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------
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END
MSCGPUACPUPPPGW
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February 14, 2022 02:00 ET (07:00 GMT)
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