REG - Microsaic Systems - Update

Microsaic SystemsAnnouncement

04/01/2024 07:00

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RNS Number : 5834Y  Microsaic Systems plc  04 January 2024

4 January 2024

Microsaic Systems plc

("Microsaic" or the "Company")

 

Update

 

Capitalised terms in this announcement carry the same meaning as in the
Circular

or subsequent announcements, unless the context indicates otherwise

Microsaic Systems plc (AIM: MSYS), the developer of micro-electronic
instruments and analytical solutions, provides an update on the Revised
Fundraising and Acquisition following the completion of the Share
Consolidation and Sub-division on 2 January 2024.

 

Further to the Result of General Meeting announcement made by the Company on
29 December 2023, Microsaic is in the process of securing binding conditional
commitments to the Placing through Turner Pope Investments as placing agent to
the Revised Fundraising. The Company's ongoing due diligence with regard to
the Acquisition and finalisation of the terms of the Acquisition Agreement
continue to make positive progress.

 

A further update will be provided in the coming days in relation to the
expected timetable of principal events relating to the Placing, Acquisition,
publication of Annual Report and Interim Results, Restoration and Admission.
The Company confirms that Cancellation will not become effective at 7.00 a.m.
today as previously anticipated.

 

Further to the Share Capital Reorganisation, Microsaic confirms that the
Company's new ISIN code is GB00BMWC8365. CREST accounts have been credited
with the New Ordinary Shares of 0.001 pence each and holders of certificated
shares need take no further action.

 

Enquiries:

 Microsaic Systems plc                            +44 (0) 20 3657 0050

 Bob Moore, Acting Executive Chairman             via TPI

 Singer Capital Markets (Nominated Adviser)       +44 (0)20 7496 3000

 Aubrey Powell / Angus Campbell / Oliver Platts

 Turner Pope Investments (TPI) Limited (Broker)   +44 (0) 20 3657 0050

 Andy Thacker / James Pope

 

About Microsaic Systems

Microsaic has over 20 years' experience in microelectronics and development of
instrumentation. The Company has a robust and innovative patent portfolio in
cutting-edge technology designed and developed for "Industry 4.0" application
serving markets in diversified Industries, Human and Environmental Health.
Microsaic's system solutions have enabled analytical detection and
characterisation at the point-of-need, whether within a conventional
laboratory setting, or within a bioprocessing facility for continuous
detection of data at multiple steps in the process workflow.

 

Microsaic's products and solutions are commercially available through global
markets via a network of regional and local partners, targeting its core
laboratory, manufacturing and point-of-need applications.

 

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