Exercise of share options

RNS Number : 2445J

Microsaic Systems plc

10 June 2014

 



10 June 2014

Microsaic Systems plc

("Microsaic" or the "Company")

EXERCISE OF SHARE OPTIONS

Microsaic Systems plc (AIM: MSYS), the developer of miniaturised chip-based scientific instruments, announces that following the exercise of employee share options on 6 June 2014, application has been made for 58,000 Ordinary Shares of 0.25 pence each in the Company to be admitted to AIM, with trading expected to commence on 13 June 2014.

Following the exercise of the options, Microsaic will have 52,566,376 Ordinary Shares in issue.

Contacts

Microsaic Systems Colin Jump, CEO	Via Citigate Dewe Rogerson
Andrew Darby, FD 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 develops and sells chip-based scientific instruments for the chemical identification of substances. The Company's products are based on the 'gold-standard' scientific technique of mass spectrometry.

Microsaic Systems has developed a miniaturised mass spectrometer based on its patented, chip-based technologies (ionchip^®, spraychip^® and vac-chip™), that is smaller, lighter, quieter, more energy efficient and cheaper to run than conventional mass spectrometer systems.

Mass spectrometry is 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.

 

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