Director Dealing, Issue of Equity and TVR

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 Glenn Tracey, CEO	[phone]
Singer Capital Markets (Nominated Adviser & Joint Broker)	[phone]
Aubrey Powell / Tom Salvesen / George Tzimas
Turner Pope Investments (TPI) Limited (Joint Broker) Andy Thacker / James Pope	[phone]

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 Identification code	Ordinary shares of 0.01 pence each 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 - 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 Identification code	Ordinary shares of 0.01 pence each 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 - 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 Identification code	Ordinary shares of 0.01 pence each 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 - Price	Not applicable
e)	Date of the transaction	11 February 2022
f)	Place of the transaction	Outside a trading venue

 

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