NetScientific plc
(“NetScientific” or the “Company”)
Issue of Shares, Director/PDMR Shareholding and Total Voting Rights
NetScientific plc (AIM: NSCI), the life sciences, technology, investment and commercialisation company, announces the issue of a total of 101,066 new ordinary shares of £0.05 each in the Company (“New Ordinary Shares”) to Chairman John Clarkson, who has chosen to take the payment in shares, rather than cash for fees owed to Development Financial and Management Services Ltd, Mr Clarkson’s consultancy firm, as described in the shareholder circular published on 7 August 2020. The New Ordinary Shares are being issued at a price of 49.4726 pence per share being a volume weighted average price of shares traded on AIM over the 5 trading days immediately preceding the date of issue.
Application will be made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 28 January 2021 (“Admission”). The New Ordinary Shares will represent approximately 0.67% of the Company’s issued ordinary share capital following their issue and will rank pari passu in all respects with the Company’s existing ordinary shares.
Total Voting Rights
Upon Admission, the issued share capital of the Company will consist of 15,017,188 ordinary shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 15,017,188. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA’s Disclosure Guidance and Transparency Rules.
Further details and the information required in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.
For more information, please contact:
| NetScientific | Via Walbrook PR |
| Ilian Iliev, CEO | |
| WH Ireland (NOMAD, Financial Adviser and Broker) | |
| Chris Fielding / Darshan Patel | +44 (0)20 7220 1666 |
| Walbrook PR | |
| Paul McManus/Nick Rome/
Anna Dunphy/ Nicholas Johnson |
07980 541 893 or 07748 325 236
or +44 (0)7876 741 001 or 07884 664 686 |
| 1
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Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
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Name | John Clarkson | ||||
| 2
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Reason for the notification | |||||
| a)
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Position/status | Non- Executive Chairman | ||||
| b)
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Initial notification /Amendment | Initial Notification | ||||
| 3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
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Name | NetScientific plc | ||||
| b)
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LEI | 213800N5WD46G1Y7I458 | ||||
| 4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of £0.05 each
GB00BN4R5Q82 |
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| b)
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Nature of the transaction
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Issue of ordinary shares in consideration of payment of fees due to Development Financial and Management Services Ltd | ||||
| c)
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Price(s) and volume(s) |
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||||
| d)
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Aggregated information
– Aggregated volume
– Price
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N/A
|
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| e)
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Date of the transaction | 22 January 2021 | ||||
| f)
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Place of the transaction | UK AIM | ||||