RCS - Tekcapital plc - NOMAD and Broker appointed for MicroSalt AIM IPO

TekcapitalAnnouncement

19/12/2022 07:00

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RNS Number : 0749K  Tekcapital plc  19 December 2022

19 December 2022

Tekcapital Plc

("Tekcapital" or the "Company")

 

Portfolio Company Update: MicroSalt, Ltd. ("MicroSalt")

Appointment of Nominated Adviser and Broker for Proposed AIM IPO

 

Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property
investment group focused on creating valuable products that can improve
people's lives, is pleased to announce that Zeus Capital Limited ("Zeus") has
been appointed by portfolio company MicroSalt as its Nominated Adviser and
Broker for its proposed IPO on the AIM Market in 2023.

 

"We are very pleased to appoint Zeus as our Nominated Adviser and Broker, to
assist MicroSalt in effectuating an AIM listing and to provide capital market
guidance for our global growth strategy," said Rick Guiney, CEO of
MicroSalt®.

 

About MicroSalt®

MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt
called MicroSalt®. We are passionate about improving peoples' lives with
better-for-you seasonings and snacks by taking the lead in the industry by
providing the best low-sodium salt solution, based on the mechanical
transformation of the salt particle itself. This solution is the only one that
delivers real salt flavour because it is salt. Our new patented technology
produces salt crystals that are approximately one hundred times smaller than
typical table salt, delivering a powerful saltiness as the micro-grains
dissolve in the mouth, with approximately 50% less sodium consumption.
Additionally, the ultra-small particle size enhances product adhesion, which
reduces waste and provides improved flavor consistency. MicroSalt® and
SaltMe® are registered trademarks of MicroSalt Inc.

 

To learn more about MicroSalt please visit https://www.microsaltinc.com
(https://www.microsaltinc.com)

 

Tekcapital owns approximately 97% of the share capital of MicroSalt Ltd. and
approximately 73% of MicroSalt Inc. its U.S. subsidiary.

 

About Tekcapital plc

Tekcapital creates value by investing in new, university-developed discoveries
that can enhance people's lives and provides a range of technology transfer
services to help organisations evaluate and commercialise new technologies.
Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM:
symbol TEK) and is headquartered in the UK. For more information, please visit
www.tekcapital.com (http://www.tekcapital.com) .

LEI: 213800GOJTOV19FIFZ85

 For Further Information please contact:                                        Via Flagstaff

 Tekcapital Plc
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                                                 +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 Richard Morrison/Charlie Bouverat (Corporate Finance)

 Abigail Wayne/Rob Rees (Corporate Broking)

 Flagstaff Strategic and Investor Communications                                +44 (0) 20 7129 1474
 Tim Thompson/Andrea Seymour/Fergus Mellon

 

This press release is for informational purposes only. The information herein
does not constitute investment advice nor an offer to invest and may contain
statements related to our future business and financial performance and future
events or developments involving MicroSalt that may constitute forward-looking
statements. These statements may be identified by words such as "expect,"
"look forward to," "anticipate" "intend," "plan," "believe," "seek,"
"estimate," "will," "project" or words of similar meaning. We may also make
forward-looking statements in other reports, in presentations, in material
delivered to customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking statements.
Such statements may be based on the current expectations and certain
assumptions of MicroSalt's and/or Tekcapital's management. Please note that
these are subject to a number of risks, uncertainties and factors, including,
but not limited to those described in various disclosures. Should one or more
of these risks or uncertainties materialize, or should underlying expectations
not occur or assumptions prove incorrect, actual results, performance or
achievements of MicroSalt or Tekcapital may vary materially from those
described explicitly or implicitly in the relevant forward-looking statement.
Neither MicroSalt nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of developments
which differ from those anticipated.

 

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