Microsaic Systems Share Discussion Threads

[moneymunch] 03/1/2018 07:02

Microsaic Systems
Award of Options
RNS Number : 7779A
Microsaic Systems plc

03 January 2018

Microsaic Systems plc

Award of options

Microsaic Systems plc (AIM: MSYS), the developer of chip-based mass spectrometry ("MS") instruments designed to improve the efficiency of pharmaceutical R&D, announces that on 2 January 2018, the Company awarded options ("New Options") to directors and employees over 9,000,000 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares"), representing approximately 4.96% of the issued share capital of the Company.

Options have been granted to directors as detailed below:

The 3,500,000 New Options awarded to Peter Grant, Non-Executive Chairman were awarded under the Company's Unapproved Share Option Scheme and have an exercise price of 4.05 pence per Ordinary Share being the closing share price on 29 December 2017. These options are subject to performance criteria as well as not being ordinarily exercisable prior to the third anniversary of the date of award.

The 2,000,000 New Options awarded to the executive directors ("Management Options") were awarded under Microsaic's Enterprise Management Incentive (EMI) Scheme. The Management Options have an exercise price of 4.05 pence per Ordinary Share, being the closing share price on 29 December 2017. These options are subject to performance criteria as well as not being ordinarily exercisable prior to the third anniversary of the date of award.



The balance of 3,500,000 New Options were awarded to all other employees of the Company ("Employee Options") under Microsaic's EMI Scheme. The Employee Options have an exercise price of 4.05 pence per Ordinary Share, being the closing share price on 29 December 2017. These options are not subject to performance criteria but are subject to not being ordinarily exercisable prior to the third anniversary of the date of award.



Following the award of the New Options, the total number of Ordinary Shares outstanding under share incentive scheme arrangements is 14,447,200 representing 7.97% of the Company's issued share capital.

[guyswonga74] 02/1/2018 20:04

Even with 7 months cash burn I the cash position here is well over £3 million. No debt, exciting times

[guyswonga74] 02/1/2018 19:37

Interesting to see some derampers on the LSE page

[billthebank] 02/1/2018 18:46

It is really interesting to see how everyday the share price goes on a strong rise into the close Cant see anything stopping this rising up and beyond 5p in a very short space of time

[guyswonga74] 02/1/2018 18:37

I am still or th opinion there is a background buyer yet to show their hand. TR-1 could be next news

[jungmana] 02/1/2018 17:09

Fantastic day here. Still on track for 6 -7p by end of week imo.

[marvel66] 02/1/2018 16:59

4.40 paid just shown up! Looks good for tomorrow.

[guyswonga74] 02/1/2018 16:26

Coiled spring this one

[sigora] 02/1/2018 16:19

yep waiting for that triple digit day will come soon enough

[2prsimo] 02/1/2018 16:17

Cheers Blue - much appreciated

I'm expecting a 50-100% day here soon. Once this gets on a tear - there is hardly any stock freely available.

[billthebank] 02/1/2018 16:10

As you say blue shoes dropping the share price a little now""TBH I dont really care as I am not selling Ridiculously low price at present

[2prsimo] 02/1/2018 16:10

Blue - I was going to ask the other day - who is your broker if you don't mind me asking?

[guyswonga74] 02/1/2018 16:03

Blue. What price to buy 500k and a million?

[moneymunch] 02/1/2018 15:57

On and Up!! ;-)

[moneymunch] 02/1/2018 15:57

Get UP there!!! Gla holders...BIG breakout coming;-)

[guyswonga74] 02/1/2018 15:52

Moving up nicely here. Good intra day reversal

[jungmana] 02/1/2018 15:48

Bill, thats the case Unfortunately. 10m prem shares i hold. I gambled big on Zulu but now all i hope for is get my money back hopefully in 2/3 months :-(