Board Change
01/02/2023 07:00
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RNS Number : 4956O NetScientific PLC 01 February 2023
Strictly embargoed until: 07.00, 1 February 2023
NetScientific plc
("NetScientific" or the "Company")
Board Change
London, UK: NetScientific plc (AIM: NSCI), the investment and
commercialisation group with an international portfolio of innovative life
science, sustainability, and technology companies today announces that,
further to the Company's previous announcement on 9 November 2022, John
Clarkson has stepped down as Chairman of the Company, and resigned from the
Board with immediate effect.
Jonathan Robinson, Non-Executive Director of the Company will now become
Interim Non-Executive Chairman while the Company completes its recruitment
process to appoint a new Chairman.
Dr Ilian Iliev, Chief Executive Officer of the Company commented:
"John has been with NetScientific in various senior Board roles since December
2019. His excellent counsel, hard work, and professional oversight have
contributed greatly to the Company's successful turnaround, placing the
business on a path to growth. He was also instrumental as an architect of
the turnaround strategy, and supported the executive team in its
implementation. The Board wishes to thank John for his guidance and support
and wishes him every success for the future. We also look forward to
continuing to work with him in an advisory role both in the group and in
various portfolio companies.
"Our search for a new Non-Executive Chairman is continuing well. The
Nomination Committee has already received several applications from well
qualified candidates, and interviews will be taking place shortly. We look
forward to concluding the process soon and updating the market at the
appropriate time. In the meantime, we are grateful to Jonathan Robinson, who
is an experienced company director and will act as Interim Chairman until the
search process is complete."
-Ends-
The person responsible for arranging the release of this announcement on
behalf of the Company is Ilian Iliev, Chief Executive Officer of the Company.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For more information, please contact:
NetScientific
Ilian Iliev,
CEO
Via Belvedere Communications
WH Ireland (NOMAD, Financial Adviser and Broker)
Chris Fielding / Darshan Patel / Enzo
Aliaj
+44 (0)20 7220 1666
Belvedere Communications
John West / Llew
Angus
+44 (0) 203 008 6867
Email: nsci@belvederepr.com (mailto:nsci@belvederepr.com)
About NetScientific
NetScientific plc (AIM: NSCI) is an investment and commercialisation group
with an international portfolio of innovative life science, sustainability and
technology companies.
NetScientific identifies, invests in, and builds high growth companies in the
UK and internationally. The company adds value through the proactive
management of its portfolio, progressing to key value inflection points, and
delivering investment returns through partial or full liquidity events.
NetScientific differentiates itself by employing a capital-light investment
approach, making judicial use of its balance sheet and syndicating investments
through its wholly owned VC subsidiary, EMV Capital. The group secures a
mixture of direct equity stakes and carried interest stakes in its portfolio
of companies, creating a lean structure that can support a large portfolio.
NetScientific is headquartered in London, United Kingdom, and is admitted to
trading on AIM, a market operated by the London Stock Exchange.
www.netscientific.net (http://www.netscientific.net)
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