Grant of Share Options

RNS Number : 8884G

Microsaic Systems plc

04 July 2012

 



Microsaic Systems plc

("Microsaic", "Microsaic Systems" or the "Company")

Grant of share options

4 July 2012

Microsaic Systems plc (AIM: MSYS), the developer of chip-based scientific instruments, announces that Directors and other employees have been granted options over ordinary shares in the Company under The Microsaic Systems Enterprise Management Incentive Scheme.  The share options were granted on 2 July 2012 with an exercise price of 42 pence per ordinary share, being the average closing mid-market price for the Company's shares over the 5 trading days prior to the date of grant.

The figures below reflect the maximum number of shares over which the options might be exercised. Subject to the achievement of certain financial performance conditions, the share options will vest and become exercisable in three years.

Recipients                                                             Number of shares subject to this grant of options

Malcolm Bateman, Director                                                                     80,000

Peter Edwards, Director                                                                            40,000

Other employees in aggregate                                                               550,000

Total                                                                                                            670,000

Contacts

Microsaic Systems Eric Yeatman, CEO	Via Citigate Dewe Rogerson
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)	[phone]
Citigate Dewe Rogerson Chris Gardner, Mark Swallow, Malcolm Robertson	[phone]/2948/2867

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 $3.3 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 symbol MSYS.

www.microsaic.com 

 

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