Microsaic Systems plc Restoration & Update (7777Z)

TIDMMSYS

RNS Number : 7777Z

Microsaic Systems plc

16 January 2024

16 January 2024

Microsaic Systems plc

("Microsaic" or the "Company")

Restoration of Company's Shares to Trading on AIM,

Admission of Placing Shares

and TVR Update

Capitalised terms in this announcement carry the same meaning as in the Circular

or subsequent announcements, unless the context indicates otherwise

Microsaic Systems plc (AIM: MSYS), the developer of micro-electronic instruments and analytical solutions, announce the following updates.

Restoration

Following the publication of the Annual Report and Interim Results at 7.00 a.m. this morning, its Ordinary Shares are expected to be restored to trading on AIM at 7.30 a.m. today.

Admission of Placing Shares & Directors' Participation

The Company confirms that the 169,000,000 Placing Shares are expected to be admitted to trading on AIM at 8.00 a.m. today.

In addition, following the publication of the Annual Report and Interim Results, the Company confirms that Bob Moore and Nigel Burton have now entered into contractual obligations to subscribe for 9,040,000 and 2,000,000 Placing Shares respectively, in line with the expectations set out in the Conditional Placing announcement issued yesterday afternoon.

Total voting rights

Following Admission, the Company will have 179,178,185 Ordinary Shares in issue. The Company does not hold any shares in treasury. Therefore, from Admission, the total voting rights in the Company will be 179,178,185.

From Admission, the figure of 179,178,185 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

Enquiries:

 
Microsaic Systems plc                   [phone] 
 Bob Moore, Acting Executive Chairman                via TPI 
 
Singer Capital Markets 
 (Nominated Adviser & Joint Broker) 
 Aubrey Powell / Angus Campbell 
 / Oliver Platts                         [phone] 
 
Turner Pope Investments (TPI) 
 Limited 
 (Joint Broker) 
 Andy Thacker / James Pope              [phone] 
 

About Microsaic Systems

Microsaic has over 20 years' experience in microelectronics and development of instrumentation. The Company has a robust and innovative patent portfolio in cutting-edge technology designed and developed for "Industry 4.0" application serving markets in diversified Industries, Human and Environmental Health. Microsaic's system solutions have enabled analytical detection and characterisation at the point-of-need, whether within a conventional laboratory setting, or within a bioprocessing facility for continuous detection of data at multiple steps in the process workflow.

Microsaic's products and solutions are commercially available through global markets via a network of regional and local partners, targeting its core laboratory, manufacturing and point-of-need applications.

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January 16, 2024 02:00 ET (07:00 GMT)