Placing - Exercise of Additional Demand Option

RNS Number : 3056C

Microsaic Systems plc

15 October 2015

 

Microsaic Systems PLC

("Microsaic" or the "Company")

Additional Demand Option Exercise

15 October 2015

Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, announces further to the Placing announced on 30 September 2015, that Numis has exercised its Additional Demand Option.  Pursuant to the exercise of the Additional Demand Option by Numis, the Company has conditionally placed 318,182 new Ordinary Shares at the Placing Price raising £105,000 before expenses.

The placing of the Additional Demand Option shares is conditional on, inter alia, the passing of the resolutions to be proposed at the General Meeting to be held at the offices of Citigate Dewe Rogerson, 3 London Wall Buildings, London Wall, London EC2M 5SY at 11a.m. on 19 October 2015.

Defined terms used in this announcement shall have the meaning given to them in the circular posted to shareholders of the Company on 30 September 2015 announcing the Placing.

Enquiries:

Microsaic Systems plc	via Citigate Dewe Rogerson
Colin Jump, CEO
Andrew Darby, FD
Numis Securities Limited	[phone]
Stuart Skinner (Nominated Adviser)
James Serjeant (Broker)
Citigate Dewe Rogerson (Financial PR)	[phone]/1068
Mark Swallow, Marine Perrier

About Microsaic Systems plc

Microsaic Systems plc is a high technology company developing and marketing next generation mass spectrometry (MS) instruments for the analysis of gaseous, liquid and solid samples. Microsaic has successfully miniaturised mass spectrometry into a desktop instrument by integrating the key MS components onto patented chip technologies (called ionchip®, spraychip® and vac-chip™). Microsaic's MS products retain the functionality of larger, conventional MS systems but are substantially smaller, lighter, consume less energy and have lower running costs. The Microsaic 4000 MiD® is the world's smallest MS system.

Mass spectrometry is a 'gold-standard' analytical technique used across many industry sectors, including pharmaceutical, diagnostics and healthcare, government, energy, utilities, environmental, food and drink, security and defence, and industrial chemicals - a combined market estimated to grow to $2.5 billion by 2017. Microsaic aims to introduce compact, deployable MS products, based on its core technology, into a series of these target markets.

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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