Exercise of Share Options

RNS Number : 7798S

Microsaic Systems plc

25 November 2011

 



__________________________________________________________________________________________________ For immediate release 25 November 2011 MICROSAIC SYSTEMS PLC ("Microsaic" or the "Company") Exercise of Share Options Microsaic announces that following the exercise of employee share options on 21 November 2011, application has been made for 139,200 Ordinary Shares of 0.25 pence each in the Company to be admitted to trading on AIM.   Following the exercise of the options, Microsaic has 38,672,500 Ordinary Shares in issue. ______________________________________________________________________________________ Contacts Microsaic Systems Alan Finlay, CEO Via Citigate Dewe Rogerson Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker) [phone] Citigate Dewe Rogerson Chris Gardner, Mark Swallow [phone]/2948 [phone] About Microsaic Systems Microsaic Systems develops micro-engineered scientific instruments for the identification of chemicals in liquids, gases and solids. Microsaic's technologies are based on the gold-standard technique of mass spectrometry (MS), which is currently based on large and expensive systems. Microsaic is the first and only company to have successfully miniaturised MS onto patented chip-based technologies (ionchip®, spraychip® and vac-chip®) to create instruments that retain the speed and sensitivity of MS but are smaller, lighter, more energy efficient and cheaper to run than conventional MS systems. MS technology is used across multiple sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3.3 billion in 2010. 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 ticker MSYS. www.microsaic.com

 

END

 

 

MSCDKPDKCBDKNDB