For release on RNS: 07.00, 5
February 2024
NetScientific
plc
("NetScientific" or the "Company")
Exercise of Options and Issue
of Shares
NetScientific Plc (AIM: NSCI), the
deep tech and life sciences VC investment group, announces the
exercise by John Clarkson (former NetScientific Chair) of
options over 254,977 ordinary shares in the capital
of NetScientific Plc ("Ordinary Shares") for an aggregate
exercise price of £116,014.54 and the subscription for 116,548
new Ordinary Shares by John Clarkson and two other service
providers to the Company.
In addition to this options
exercise, the following new Ordinary Shares have been
issued:
·
John Clarkson has subscribed for 4,728 new Ordinary Shares at
a price of £0.626 per share, such price being
determined by reference to the average of the closing market
quotations for Ordinary Shares over the five dealing days prior to
2 February 2024 (Issue
Price). Such shares have been issued in settlement of monies
due to John Clarkson as settlement of fees due to him in connection
with services provided by him to the NetScientific
group;
·
EcoMachines Ventures Limited has subscribed for 95,846 new
Ordinary Shares at the Issue Price. Such shares have been issued in
settlement of monies due to that company in connection with an
agreement relating to the EMV Capital Evergreen EIS Fund;
and
· MJG
1968 Consulting Limited has subscribed for 15,974 new Ordinary
Shares at the Issue Price. Such shares have been issued in
settlement of monies due to that company in connection with
advisory services provided by it to the NetScientific
group.
Application will be made
for 371,525 new Ordinary Shares, which will rank pari
passu with existing Ordinary Shares, to be admitted to AIM
("Admission"). It is expected that Admission will become effective
and dealings will commence at 8.00 a.m. on or around 8
February 2024.
Following Admission, the total
issued share capital of the Company will consist of 23,945,828
Ordinary Shares ("Enlarged Issued Share Capital"). The Company
does not hold any shares in treasury. Therefore, the total
number of voting rights in the Company will be 23,945,828 Ordinary
Shares. This number may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest, or a change to their interest
in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
The person responsible for arranging
the release of this announcement on behalf of the Company
is Edward Hooper, General Counsel and Executive Director of
the Company.
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS
PART OF UK LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION
OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
-Ends-
NetScientific
NetScientific
|
|
Ilian Iliev, CEO
|
Via Belvedere
Communications
|
|
|
Panmure Gordon (UK) Limited (NOMAD and
Broker)
|
|
Emma Earl / Freddy Crossley / Will
Goode / Mark Rogers (Corporate Finance)
Rupert Dearden (Corporate
Broking)
|
+44 (0)20 7886 2500
|
|
|
Belvedere Communications
John West / Llew Angus / Lily
Pearce
|
+44 (0)20 7653 8702
|
About NetScientific
NetScientific plc (AIM: NSCI) is a
deep tech and life sciences VC investment group with an
international portfolio of innovative companies.
NetScientific identifies, invests
in, and builds high growth companies in the UK and internationally.
The company adds value through the proactive management of its
portfolio, progressing to key value inflection points, and
delivering investment returns through partial or full liquidity
events.
NetScientific differentiates itself
by employing a capital-efficient investment approach, making
judicial use of its balance sheet and syndicating investments
through its wholly owned VC subsidiary, EMV Capital. The group
secures a mixture of direct equity stakes and carried interest
stakes in its portfolio of companies, creating a lean structure
that can support a large portfolio.
NetScientific is headquartered in
London, United Kingdom, and is admitted to trading on AIM, a market
operated by the London Stock Exchange.
www.netscientific.net