Microsaic Systems - Director Dealing, Issue of Equity and TVR
14/02/2022 06:59
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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 £200,000
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 £200,000 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 Fee Shares to be issued Number of Ordinary Shares issued pursuant to Warrants exercised Number of Ordinary Shares held on Admission % of issued share capital held on Admission
Gerard Brandon Non-Executive Chairman £50,000 50,000,000 - 190,000,000 2.99
Nigel Burton Non-Executive Director £35,000 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 +44 (0)1483 751 577
Glenn Tracey, CEO
Singer Capital Markets +44 (0)20 7496 3000
(Nominated Adviser & Joint Broker)
Aubrey Powell / Tom Salvesen / George Tzimas
Turner Pope Investments (TPI) Limited +44 (0) 20 3657 0050
(Joint Broker)
Andy Thacker / James Pope
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 /Amendment Initial Notification
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 financial instrument, type of instrument Ordinary shares of 0.01 pence each
Identification code
GB00B547ZY09
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
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
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 /Amendment Initial Notification
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 financial instrument, type of instrument Ordinary shares of 0.01 pence each
Identification code
GB00B547ZY09
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
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
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 /Amendment Initial Notification
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 financial instrument, type of instrument Ordinary shares of 0.01 pence each
Identification code
GB00B547ZY09
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
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
11 February 2022
f)
Place of the transaction
Outside a trading venue
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