General Counsel Strategic Hire & Grant of Options

RNS Number : 0207M

NetScientific PLC

19 May 2022

 

NetScientific plc

( " NetScientific " or the "Company " )

General Counsel Strategic Hire and Grant of Options

NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation group, is delighted to announce the appointment of its first General Counsel, Ed Hooper, with immediate effect. Ed also joins as Group Company Secretary and as Executive Director to the Company's corporate finance specialist subsidiary, EMV Capital Limited.

Ed joins from his position as a Partner at international law firm, Trowers & Hamlins LLP, where he led and developed the firm's Corporate Finance team in London. Ed has 20 years' experience as a lawyer in the City, specialising in advising on a broad range of corporate transactions, including fundraisings, M&A, IPOs, joint ventures and restructurings, many on an international scale.

Ed will work alongside and support the CEO and Executive Chairman, with a focus on implementation of the Company's growth strategy. He will deploy his legal, commercial and transaction management skills to lead on projects to expand and grow the Company's portfolio companies, and to prepare and deliver exit and liquidity events for them, as part of the Company's planned strategy to realise shareholder value and returns.

Ilian Iliev, CEO of NetScientific commented: " We have worked closely with Ed for many years and highly value his legal, commercial and strategic insight. We are delighted to welcome him to our Company as we continue to drive and scale our growing portfolio towards key value inflection points, support in key transactions, and drive towards exits and liquidity events. Ed brings to the Company a wealth of high-calibre transactional expertise, providing us with further critical mass as we continue our ambitious growth plans, and will overlay additional governance measures for the Company and its Group. "

Ed Hooper commented:  "Having advised NetScientific, and before that, EMV Capital, for a number of years, I am thrilled to join the Company at a key point in its continued growth cycle. I look forward to working with this excellent team and to driving its ambitious plans for the Company and its exciting portfolio of life sciences and technology companies." 

In-line with the Company's remuneration policy, it has granted to Ed 105,000 new options over Ordinary Shares in the capital of the Company ("New Options"). The New Options have an exercise price of 78.1 pence per share, which is equal to the average of the closing market quotations for Ordinary Shares over the five dealing days prior to the date on which the New Options were granted. The New Options will vest as to one third on the date of grant, as to a further third on the first anniversary of the date of grant and as to the final third on the second anniversary of the date of grant. The New Options may not be exercised earlier than the third anniversary of the date of grant. The New Options lapse 10 years after the date of grant (if not sooner in accordance with the terms of the NetScientific Share Option Scheme rules).

The New Options were granted under the NetScientific Share Option Scheme, pursuant to which options over a total of 1,865,545 Ordinary Shares have now been granted, representing 8.8 per cent. of the current issued share capital of the Company. The maximum potential dilution arising from options awarded under the NetScientific Share Option Scheme remains below the upper limit of 10 per cent. under the rules of the plan.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For more information, please contact:

NetScientific	Via Walbrook PR
Ilian Iliev, CEO
John Clarkson, Chairman
WH Ireland (NOMAD, Financial Adviser and Broker)
Chris Fielding / Darshan Patel	[phone]
Walbrook PR
Nick Rome/ Paul McManus	07748 325 236/ 07980 541 893

About NetScientific

NetScientific plc (AIM: NSCI) is a holding company, that invests in, develops, commercialises and realises shareholder value in life sciences/healthcare, sustainability and technology companies, which offer significant growth potential predominately in the UK,  USA, EU and beyond. 

Since the adoption of the New Strategy in 2020, the Group has nearly trebled its portfolio from 8 to 22 companies, either through subsidiary, direct balance sheet investment or capital under advisory.

NetScientific delivers shareholder returns through a proactive and hands-on management approach to their portfolio companies; identifying, investing in, and helping to build game-changing companies. The Group targets value inflection points and the release of value through partial or full exits from trade sales, public listings, or equity sales. The Company has a strong transatlantic and growing international presence, providing attractive expansion prospects. 

NSCI can deploy a capital-light investment structure; utilising the power of the PLC Brand, and the NetScientific balance sheet to anchor future investments and achieve a multiplier effect by attracting 3rd party investment for the portfolio companies. 

NetScientific is headquartered in London, United Kingdom, and was admitted to trading on AIM, a market operated by the London Stock Exchange, in 2013 (website: netscientific.net ).

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options to PDMRs.

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	Ed Hooper
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary, NetScientific plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	NetScientific plc
b)	LEI	213800N5WD46G1Y7I458
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	Options over Ordinary Shares ISIN for NetScientific plc Ordinary Shares: GB00BN4R5Q82
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 78.1p  105,000 options
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	N/A
e)	Date of the transaction	19 May 2022
f)	Place of the transaction	Outside a trading venue

 

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