Directors' Dealings

RNS Number : 7039T

Microsaic Systems plc

08 October 2014

 



Microsaic Systems plc

("Microsaic" or the "Company")

Directors' Dealings

08 October 2014: Microsaic Systems plc (AIM: MSYS), confirms that, further to the announcement of the Placing on 7 October 2014, Colin Nicholl, Eric Yeatman and James Ramage have subscribed for an aggregate of 296,895 Placing Shares, representing 2.8% of the Placing Shares. Immediately following admission the beneficial interests of the participating directors will be as follows:

Director	Number of Ordinary Shares held as at the date of this announcement	Number of Placing Shares subscribed for in Placing	Resulting number of Ordinary Shares held immediately following Admission	Resulting holding as a percentage of the Enlarged Issued Share Capital
Eric Yeatman	3,252,723	35,000	3,287,723	5.21%
James Ramage	261,190	23,800	284,990	0.45%
Colin Nicholl	3,030,616	238,095	3,268,711	5.18%

The Company has also been notified that on 7 October 2014 Professor Andrew Holmes, Non-Executive Director of the Company sold 100,000 Ordinary Shares at a price of 42p per Ordinary Share.

Following this sale, Prof Holmes holds 2,836,656 Ordinary Shares, representing approximately 4.5% of the Company's issued share capital.

Note that capitalised terms used in this announcement have the same meanings as in the announcement of the Placing on 7 October 2014.

Ends

Contacts

Microsaic Systems Colin Jump, CEO Andrew Darby, FD	Via Citigate Dewe Rogerson
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)	[phone]
Citigate Dewe Rogerson (Financial PR) Mark Swallow, Malcolm Robertson, Chris Gardner	[phone]/2867/2995

About Microsaic Systems

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 by integrating the key MS components onto patented chip technologies called ionchip^®, spraychip^® and vac-chip™. Microsaic's MS products retain the speed and sensitivity 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 government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3 billion in 2012.

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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