Posting of Annual Report and Notice of AGM

RNS Number : 2130Z

Microsaic Systems plc

20 May 2021

 

20 May 2021

Microsaic Systems plc

("Microsaic" or the "Company")

Posting of Annual Report, Notice of Annual General Meeting

and

Electronic Communications

Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry ("MS") instruments, is pleased to announce that its 2020 Annual Report and Notice of 2021 Annual General Meeting ("Notice of AGM"), are available for viewing on the Company's website at https://www.microsaic.com/investors/documents/ . These items will be posted to shareholders today, together with the Form of Proxy for voting at the Annual General Meeting ("AGM"), a copy of the Articles of Association the Company proposes to adopt, in a clean and comparison format showing the composite changes to the current Articles of Association (as detailed below) and a letter regarding its intention to adopt electronic communication methods for shareholder documents.

The Company will hold its AGM at GMS House, Boundary Road, Woking, Surrey, GU21 5BX on 17 June 2021 at 10.00 a.m.

Under normal circumstances, the Board values greatly the opportunity to meet shareholders in person. However, the Board considers the safety and wellbeing of both its shareholders and employees to be of paramount importance. With this in mind, and in light of the COVID-19 pandemic, the Chairman of the meeting and one other person will attend the AGM thus fulfilling the requirement of the Company's Articles of Association for a quorum to be present consisting of two persons entitled to vote upon the business to be transacted, present in person or by proxy. Accordingly, on health and safety grounds other shareholders and proxies for shareholders will not be permitted to attend the AGM and shareholders are urged to submit the Form of Proxy instead. Details for completing and submitting the Form of Proxy are contained in the Notice of AGM, the accompanying notes and on the Form of Proxy itself.

The Board always welcomes questions from shareholders at the AGM.  This year, shareholders should submit their questions directly to the Company before 10.00 a.m. on 15 June 2021 by emailing them to [e-mail]. The Company will publish relevant questions received, together with answers, on the Company's website as soon as practicable after the deadline for receipt. The questions may be grouped into generic classes as the Directors deem appropriate and answers will not include any inside information as defined by the Market Abuse Regulation.

There will also be the opportunity to raise questions with key members of the Board in a live Q&A session to be held immediately after the AGM. Details of how to join the Q&A session will be published in a RNS at least 72 hours before the date and time of the AGM. Answers will not include any inside information as defined by the Market Abuse Regulation.

Details of the resolutions to be proposed at the AGM are set out in the Notice of AGM, which also includes explanatory notes for each resolution. The resolutions are normal routine items, except for resolutions 6 and 7, both special resolutions. Resolution 6 seeks the annual renewal of the authority for the Directors to allot securities for cash which may be issued to raise funds for general corporate purposes without first offering such new shares to existing shareholders. Resolution 7 relates to the adoption of new Articles of Association so that the Company can hold hybrid or virtual general and annual general meetings in the future.

The results of voting on the resolutions at the AGM will be announced shortly after the meeting and will subsequently be made available on the Company's website.

The Board will continue to monitor COVID-19 developments as well as any further UK Government advice and will issue a further statement if the above arrangements require any amendment.

Electronic Communications

Microsaic has written to all registered shareholders regarding its intention to adopt electronic communication methods for certain shareholder documents.

The Board believes that by utilising electronic communication it will deliver savings to the Company in terms of administration, printing and postage, and environmental benefits through the reduced consumption of paper and ink, as well as speeding up the provision of information to shareholders.

A letter setting out the options available to shareholders, is being sent to shareholders on the register as at 14 May 2021. Shareholders wishing to continue to receive shareholder documents in hard copy form will need to notify the Company's registrar, Neville Registrars Limited, by no later than 16 June 2021, by completing and returning the Preferred Option Card using the reply paid envelope provided.

Shareholders who do not return the response form by the designated date will be deemed to have consented to receiving shareholder documents by means of Microsaic's website at www.microsaic.com and will no longer receive documents in hard copy form.

Further details are set out in the letter, which will shortly be available on the Company's website.

Enquiries:
Microsaic Systems plc Glenn Tracey, CEO - Bevan Metcalf, FD	[phone]
N+1 Singer (Nominated Adviser & Joint Broker)	[phone]
Aubrey Powell / George Tzimas (Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (TPI) Limited (Broker) Andy Thacker / Zoe Alexander	[phone]

About Microsaic (www.microsaic.com)

Microsaic listed on AIM in 2011 to develop and commercialise micro-engineering chip-based mass spectrometry equipment. Having invested £30m over the last 20 years before and after the IPO, Microsaic has a robust patent portfolio in cutting-edge technology purpose built for "Industry 4.0" which enables analytical detection and characterisation at the point-of-need, whether within a human health environment, conventional laboratory setting, or within a bioprocessing facility for continuous mass spectrometer detection and monitoring of data at any step in the process workflow.

Microsaic's products and systems 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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