NetScientific PLC Board Changes (0751I)
March 31 2020 - 1:00AM
UK Regulatory
TIDMNSCI
RNS Number : 0751I
NetScientific PLC
31 March 2020
NetScientific plc
("NetScientific" or the "Company")
Board Changes
London, UK - 31 March 2020 - NetScientific plc (AIM: NSCI), the
transatlantic healthcare IP commercialisation Group, today
announces planned changes to its Board of Directors.
Sir Richard Sykes will retire from the Board following nine
years as Chairman. John Clarkson, currently a Non-Executive
Director of the Company, will take over as the Chairman of the
Board with immediate effect.
In addition, Ian Postlethwaite will retire from the Board and
step down as CEO/CFO and Company Secretary following four years at
Netscientific during April 2020.
It is expected that Dr. Ilian Iliev, currently a Non-Executive
Director, will become a part time Executive Director and interim
CEO once terms have been agreed. A further announcement will be
made at this point.
Finally, it is anticipated that Stephen Crowe, currently
Financial Controller, will take over as interim CFO during April
2020 once terms have been agreed.
John Clarkson, Chairman of NetScientific, said : "We would like
to thank Sir Richard and Ian for their significant contributions to
the Company. Sir Richard has provided great strategic insight and
direction during his time on the Board as Chairman and we wish him
well in the future. The Board would also like to put on record its
gratitude to Ian for his commitment and leadership of Netscientific
since joining in 2016, during a very challenging period and wishes
him every success in his future interests."
# # #
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Following the
publication of this announcement, this inside information is now
considered to be in the public domain.
For more information, please contact:
NetScientific Tel: +44 (0)20 3514 1800
Ian Postlethwaite, CEO/CFO
WHIreland (NOMAD, Financial Adviser Tel: +44 (0)20 7220 1666
and Broker)
Chris Fielding / Darshan Patel
MO PR ADVISORY (Press Contact) Tel: +44 (0)78 7644 4977
Mo Noonan
About NetScientific
NetScientific PLC is a transatlantic healthcare IP
commercialisation Group focused on technologies and companies that
have the potential to treat chronic disease and significantly
improve the health and well-being of people.
For more information, please visit the website at www.NetScientific.net
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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