Directorate Change

RNS Number : 6545J

Microsaic Systems plc

21 December 2015

 

Microsaic Systems plc

("Microsaic", "Microsaic Systems" or the "Company")

Directorate Changes

21 December 2015

Microsaic Systems plc (AIM: MSYS), the developer of chip-based scientific instruments, today announces the appointment of Mr Bevan Metcalf as Finance Director and member of the Microsaic Board of Directors.

Mr Metcalf has 35 years' of financial management experience with international companies primarily in the mining and pharmaceuticals sectors, including Beowulf Mining (2014-present), Afferro Mining (2008-2013), African Eagle Resources (2004-2011), Orion Corporation (1995-2003) and GlaxoSmithKline (1984-1995). In the past ten years, he has been involved with companies listed on the AIM segment of the London Stock Exchange and on the Toronto stock exchange as Finance Director, Chief Financial Officer and in a Non-executive Director capacity. Mr Metcalf is a Member of the Chartered Accountants - Australia and New Zealand, and he has a degree in Management Studies from the University of Waikato, New Zealand.

Mr Metcalf replaces Andrew Darby who will be leaving the Company on 15 January 2016 and will step down from the Board of the Company with immediate effect.

Colin Nicholl, Microsaic's Chairman, said: "We are very pleased to welcome Bevan to Microsaic. The Company has established a strong foundation for growth and we are confident his experience from across multiple sectors will assist the Company as it rolls out its commercial strategy. The Board wishes to thank Andrew Darby for his contribution to the development of the Microsaic business during his time as Finance Director."

The following information is required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies:

Full name: Bevan John Metcalf

Age: 57

Current Directorships:

·     BEOWULF MINING PLC

·     BM FINANCIAL SOLUTIONS LTD

·     JOKKMOKK IRON MINES AB

·     NORRBOTTEN MINING AB

·     WAYLAND SWEDEN AB

Past Directorships in the last five years:

·     AFRICAN EAGLE RESOURCES PLC

·     FD ASSOCIATES LIMITED

·     FD SUPPLY LIMITED

·     THE FD GROUP LIMITED

·     TWIGG RESOURCES LIMITED

Contacts

Microsaic Systems Colin Nicholl, Chairman Jim Ramage, CEO	Via Citigate Dewe Rogerson
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)	[phone]
Citigate Dewe Rogerson Mark Swallow, Marine Perrier	[phone]/1068

About Microsaic Systems

Microsaic Systems plc is a high technology company developing and marketing next generation mass spectrometry (MS) instruments for the analysis of gaseous, liquid and solid samples. Microsaic has successfully miniaturised mass spectrometry into a desktop instrument by integrating the key MS components onto patented chip technologies (called ionchip®, spraychip® and vac-chip™). Microsaic's MS products retain the functionality of larger, conventional MS systems but are substantially smaller, lighter, consume less energy and have lower running costs. The Microsaic 4000 MiD® is the world's smallest MS system.

Mass spectrometry is a 'gold-standard' analytical technique used across many industry sectors, including pharmaceutical, diagnostics and healthcare, government, energy, utilities, environmental, food and drink, security and defence, and industrial chemicals - a combined market estimated to grow to $2.5 billion by 2017. Microsaic aims to introduce compact, deployable MS products, based on its core technology, into a series of these target markets.

Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in April 2011 under the symbol MSYS.

www.microsaic.com

 

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