TIDMMSYS

RNS Number : 6885R

Microsaic Systems plc

09 March 2021

9 March 2021

Microsaic Systems PLC

("Microsaic" or "Company")

Change of interests of significant shareholder

Microsaic (LSE:MSYS.L), the micro-engineering, miniaturised chip-based mass spectrometry producer for point-of-need analytical detection, has received a notification of a change in the interests of a significant shareholder. In accordance with AIM Rule 17, the following details are now notified:

On the 8th of March, the Company received a call from Helium Rising Stars Fund, a significant shareholder, to inform of the completion of a reduction of its holding to below 10%. Assurances were received that no further sales are imminent.

In compliance with DTR5, a copy of the notification received from this investor is appended.

Contacts

 
                                Glenn Tracey, CEO         +44 (0) 1483 751 
 Microsaic Systems plc           Bevan Metcalf CFO         577 
 
 N+1 Singer 
  (Nominated Adviser & Joint    Aubrey Powell / George    +44 (0) 20 7496 
  Broker)                        Tzimas / Tom Salvesen     3000 
 
 Turner Pope Investments        Andy Thacker/Zoe          +44 (0) 20 3657 
  (TPI) Limited (Broker)         Alexander                 0050 
 

About Microsaic Systems plc (www.microsaic.com)

Microsaic floated on AIM in 2011 to develop and commercialise micro-engineering chip-based mass spectrometry equipment. Having invested c.GBP30m over 20 years of development, Microsaic has a robust and innovative patent portfolio in cutting-edge technology designed and developed for "Industry 4.0" application. Microsaic's system solutions enable analytical detection and characterisation at the point-of-need, whether within a conventional laboratory setting, or within a bioprocessing facility for continuous mass spectrometer detection data at multiple steps 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 and bioprocessing markets. Through its new partnership with DeepVerge plc, Microsaic is also targeting markets including waste-water treatment.

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                       Microsaic Systems plc 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                     ------------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                            ---------------------- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                            ---------------------- 
 An acquisition or disposal of financial instruments 
                                                                                            ---------------------- 
 An event changing the breakdown of voting rights 
                                                                                            ---------------------- 
 Other (please specify)(iii) : 
                                                                                            ---------------------- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                 Helium Rising Stars Fund 
 City and country of registered office                Cayman Islands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                     ------------------------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                     ------------------------------------------------------------- 
 5. Date on which the threshold was                   08/03/2021 
  crossed or reached (vi) : 
                                                     ------------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):       09/03/2021 
                                                     ------------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                  % of voting         % of voting rights    Total of both    Total number 
                                 rights attached      through financial      in % (8.A +      of voting rights 
                                to shares (total         instruments             8.B)         of issuer (vii) 
                                    of 8. A)            (total of 8.B 
                                                          1 + 8.B 2) 
                            -----------------------  -------------------  ----------------  ---------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                 9.77%                                         9.77%                     6.076.365.146 
                            -----------------------  -------------------  ----------------  ---------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                11.89%                                        11.89% 
                            -----------------------  -------------------  ----------------  ---------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 
 Class/type of     Number of voting rights                                  % of voting rights 
  shares            (ix) 
  ISIN code (if 
  possible) 
                              Direct                     Indirect                        Direct                      Indirect 
                        (Art 9 of Directive         (Art 10 of Directive           (Art 9 of Directive         (Art 10 of Directive 
                           2004/109/EC)                 2004/109/EC)              2004/109/EC) (DTR5.1)            2004/109/EC) 
                             (DTR5.1)                    (DTR5.2.1)                                                 (DTR5.2.1) 
                                                 ------------------------ 
 
 
 GB00B547ZY09                      593.500.000                              9.77% 
                  -----------------------------  ------------------------  ---------------------------------  --------------------- 
 
 
 
 SUBTOTAL 8. A                              593.500.000                     9.77% 
                  -------------------------------------------------------  -------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of           Expiration                    Exercise/                 Number of voting                    % of voting 
  financial         date                          Conversion Period         rights that may                     rights 
  instrument        (x)                           (xi)                      be acquired if 
                                                                            the instrument 
                                                                            is 
                                                                            exercised/converted. 
                  ----------------------------  ------------------------  ----------------------------------  --------------------- 
 
 
 
                    SUBTOTAL 8. B 1 
                   ------------------------  ---------------------------------------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of          Expiration                     Exercise/                Physical or       Number of          % of voting 
  financial        date (x)                      Conversion                cash              voting rights      rights 
  instrument                                     Period (xi)               settlement 
                                                                           (xii) 
                 -----------------------------  -----------------------  ----------------  ----------------- 
 
 
 
                                                          SUBTOTAL 8.B.2 
                                                         --------------------------------  ----------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                            x 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
    Name (xv)            % of voting rights             % of voting rights         Total of both if 
                           if it equals or               through financial          it equals or is 
                          is higher than the             instruments if it          higher than the 
                         notifiable threshold           equals or is higher       notifiable threshold 
                                                        than the notifiable 
                                                             threshold 
                  --------------------------------  -------------------------  ------------------------ 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                    --------------------------------------------------- 
 The number and % of voting rights 
  held 
                                                    --------------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                    --------------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   Zürich, Switzerland 
 Date of completion    09/03/2021 
                      ------------------------- 
 

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